96.4% probability that the Fed will leave rates unchanged in August

According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in August is 96.4%, and the probability of a 25 basis point cut is 3.6%. The probability that the Federal Reserve will keep interest rates unchanged until September is 1.0%, the probability of a cumulative 25 basis points of interest rate cuts is 95.5%, the probability of a cumulative 50 basis points of interest rate cuts is 3.6%.