According to BlockBeats, data from the 'Federal Reserve Watch' by the Chicago Mercantile Exchange (CME) on June 23 indicates that the Federal Reserve is likely to keep interest rates steady in August. The probability of this happening is estimated at 89.7%. Conversely, the chance of a 25 basis point rate cut is projected at 10.3%.
These figures are based on the analysis of various economic indicators and market conditions. The Federal Reserve uses such data to make informed decisions about monetary policy, including the setting of interest rates. The decision to maintain or adjust interest rates can have significant implications for the economy, affecting everything from the cost of borrowing to the return on investments.
It's important to note that these probabilities are not guarantees of what will happen, but rather educated predictions based on available data. The actual decision will be made by the Federal Reserve in August and will depend on a variety of factors, including the state of the economy at that time.