According to CME's “Federal Reserve Watch”, the probability that the Fed will keep interest rates unchanged until October is 77.3%, and the probability of a cumulative 25 basis point rate hike is 22.7%. The probability that the Federal Reserve will keep interest rates unchanged until December is 13.4%, the probability of increasing interest rates by 25 basis points is 67.8%, and the probability of a cumulative 50 basis point rate hike is 18.8%.

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