According to CME's FedWatch tool, there's a 93.3% probability that the Federal Reserve will maintain interest rates in July, with potential cuts anticipated later this year.
CME's FedWatch tool indicates a 93.3% probability that the Federal Reserve will maintain interest rates in July, with a 6.7% chance of a 25 basis point cut. For September, the probability of holding rates steady is 59.7%, while the cumulative probabilities for a 25 and 50 basis point cut are 36.2% and 4.1%, respectively.