Current data indicates a 4.7% chance of a 25 basis point rate cut, with a 95.3% likelihood of no change in rates this month.
CME's FedWatch reports a 95.3% probability that the Federal Reserve will keep interest rates unchanged in July, with a 4.7% chance of a 25 basis point cut. For September, the likelihood of maintaining rates is 39.3%, while there is a 58% chance of a cumulative 25 basis point cut.