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CME FedWatch: The probability of a cumulative rate cut of 25 basis points by September has risen to 63.1%.
On July 16, according to CME "Fed Watch" data, the probability of a 25 basis point rate cut in July is 4.7%, while the probability of maintaining the interest rate is 95.3%. The probability of the Fed maintaining the interest rate until September is 33.9%, the cumulative probability of a 25 basis point rate cut is 63.1%, and the cumulative probability of a 50 basis point rate cut is 3%. The dates for the next two FOMC meetings of the Fed are July 30 and September 17.