According to CME's “Federal Reserve Watch”, the probability that the Fed will keep interest rates unchanged until September is 41.6%, and the probability of a cumulative 25 basis point rate hike is 58.4%. The probability that the Federal Reserve will keep interest rates unchanged until October is 30.5%, the probability of a cumulative 25 basis point rate hike is 53.9%, and the probability of a cumulative 50 basis point rate hike is 15.5%.

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