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 95.3%, while the chances of a 25 basis point cut are at 4.7%. This information was released on July 9th. The Federal Reserve's decision on interest rates has a significant impact on the economy, influencing borrowing costs for consumers and businesses. A decision to maintain the current rates suggests stability in the economic outlook. However, the slight possibility of a rate cut indicates that there are still uncertainties in the market that could potentially influence the Federal Reserve's decision.