CME FedWatch data cited by BlockBeats shows a 61.5% probability that the Federal Reserve keeps rates unchanged in July, while the probability of a 25 basis point hike stands at 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 currently 61.5%. The probability of a 25 basis point rate increase is listed at 38.5%.
A 25 basis point move equals 0.25 percentage points. The figures cited in the report refer only to the CME FedWatch probability readings for the July Federal Reserve rate decision as of June 20, with the unchanged-rate scenario carrying the higher percentage in the data.
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