CME FedWatch data shows a 61.5% probability that the Federal Reserve keeps rates unchanged in July, while the probability of a 25 basis point hike is 38.5%.
BlockBeats reported on June 20 that, according to CME “FedWatch” data, the probability that the Federal Reserve keeps interest rates unchanged at its July meeting is now 61.5%. The probability of a 25 basis point rate increase is now 38.5%. Based on the figures cited, the unchanged-rate scenario is higher than the 25 basis point hike scenario.
CME “FedWatch” is used to display pricing related to Federal Reserve interest rate outcomes. A move of 25 basis points equals 0.25 percentage points. The data in this report lists only two July outcomes: no change in rates and a 25 basis point increase, with the figures sourced from CME “FedWatch.”
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