CoinWorld news, according to CME's "FedWatch" data, the probability of the Fed keeping rates unchanged in July is 74.9%, and the probability of a cumulative 25-basis-point hike is 25.1%. By September, the probability of maintaining rates unchanged is 35.7%, the probability of a cumulative 25-basis-point hike is 51.1%, and the probability of a cumulative 50-basis-point hike is 13.1%. This data reflects the market's pricing logic for the Fed's monetary policy path, with the probability of keeping rates unchanged dominating, indicating the market's cautious stance on near-term policy shifts. The rate hike expectations reveal that inflationary pressures remain the core factor constraining policy easing, reinforcing the expectation that the high-rate environment will persist for longer, and curbing aggressive bets on near-term rate cuts.