According to Odaily, data from the CME 'Federal Reserve Watch' indicates that the US Federal Reserve is likely to maintain its interest rates in August 2024, with a probability of 93.3%. The chances of a 25 basis point rate cut stand at 6.7%. Looking ahead to September 2024, the probability of the interest rates remaining unchanged drops to 22.4%. The likelihood of a cumulative 25 basis point rate cut increases to 72.5%, while the chances of a cumulative 50 basis point rate cut are at 5.1%. These figures provide an insight into the potential monetary policy direction of the US Federal Reserve in the coming months.