According to BlockBeats, data from the 'Federal Reserve Watch' by CME 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 chances of a 25 basis point rate cut are projected at 10.3%. This information, released on June 19, provides insight into the potential monetary policy decisions of the Federal Reserve. It is important to note that these are probabilities and the actual decisions may vary based on various economic factors and indicators. The Federal Reserve's decisions on interest rates have significant implications for the economy, affecting borrowing costs for consumers and businesses alike.