According to CME “Federal Reserve Watch”, the probability that the Federal Reserve will keep interest rates unchanged in July is 65.3%, and the probability of a cumulative 25 basis point rate hike is 34.7%. The probability that the Federal Reserve will keep interest rates unchanged until September is 17.6%, the probability of increasing interest rates by 25 basis points is 57%, and the probability of raising interest rates by 50 basis points is 25.4%.

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