According to CME “Federal Reserve Watch”, the probability that the Federal Reserve will keep interest rates unchanged in July is 84.5%, and the probability of a cumulative 25 basis point rate hike is 15.5%. The probability that the Federal Reserve will keep interest rates unchanged until September is 42.2%, the probability of increasing interest rates by 25 basis points is 50%, and the probability of raising interest rates by 50 basis points is 7.8%.

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