Federal Reserve Maintains 65.3% Probability of No Rate Change in July, 34.7% Chance of 25bp Hike

According to CME Fed Watch, as of July 24, the probability of the Federal Reserve maintaining rates unchanged in July stands at 65.3%, with a 34.7% probability of a 25 basis point hike.

For September, the CME tool shows a 57% probability of cumulative rate increases of 25 basis points and a 25.4% probability of 50 basis points, with only a 17.6% probability of maintaining rates unchanged.