CME Fed Watch: The probability of the Fed keeping interest rates unchanged in August is 89.7%

According to CME's "Fed Watch" data, as of June 28, the probability of the Fed keeping interest rates unchanged in August is 89.7%, and the probability of a 25 basis point rate cut is 10.3%. In addition, the probability of the Fed keeping interest rates unchanged in September is 35.9%, the probability of a cumulative 25 basis point rate cut is 57.9%, and the probability of a cumulative 50 basis point rate cut is 6.2%.