Federal Reserve Holds Rates Unchanged at 61.5% Probability in July, CME Data Shows

According to CME's Federal Reserve Watch on June 22, the probability that the Federal Reserve will maintain interest rates unchanged in July is 61.5%, with a 38.5% chance of a 25 basis point rate hike.

Looking ahead to September, the Fed has a 24.9% probability of holding rates steady, a 52.2% chance of cumulative 25 basis point increases, and a 22.9% probability of cumulative 50 basis point increases.