Federal Reserve Has 63.1% Probability of Holding Rates Steady in July, CME Data Shows

CME-0.12%
According to CME's "Fed Watch" on June 10, the Federal Reserve has a 63.1% probability of holding rates steady in July, with a 36.9% chance of a 25 basis point rate hike. For September, the probability of unchanged rates stands at 28.3%, while a 25 basis point hike is priced at 51.4% and a 50 basis point hike at 20.4%.
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