According to Odaily, the CME 'Federal Reserve Watch' has predicted that the Federal Reserve is likely to maintain the current interest rates. The probability of the rates remaining unchanged in August stands at 91.2%, while the chances of a 25 basis point cut are at 8.8%.
Moving into September, the likelihood of the rates staying the same drops to 27.4%. The probability of a cumulative 25 basis point cut increases to 66.5%, and the chances of a cumulative 50 basis point cut are at 6.1%. These predictions provide an insight into the potential future actions of the Federal Reserve, which can have significant impacts on the economy.