CME FedWatch data shows the Federal Reserve is widely expected to leave interest rates unchanged in July, with the probability standing at 85.6%, according to a report cited by ChainCatcher from Jin10. The same data puts the probability of a cumulative 25 basis point rate hike by July at 14.4%.
Looking ahead to September, market pricing appears more mixed. The probability that the Fed will still keep rates unchanged by then is 41.4%, while the chance of a cumulative 25 basis point increase rises to 51.2%. The probability of a cumulative 50 basis point increase by September stands at 7.5%.
The figures were cited by ChainCatcher under its policy and regulation coverage.
ChainCatcher, citing Jin10, reported that CME FedWatch data shows an 85.6% probability that the Federal Reserve will keep interest rates unchanged in July. The probability of a cumulative 25 basis point rate hike by July was 14.4%.
By September, the probability of no rate change was 41.4%, while the probability of a cumulative 25 basis point increase was 51.2%. The probability of a cumulative 50 basis point increase stood at 7.5%.
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