Chain News, citing CME “FedWatch” data: the probability that the Federal Reserve will keep interest rates unchanged in July is 66.3%, and the probability of a cumulative rate hike of 25 basis points is 33.7%. From July to September, the probability of keeping interest rates unchanged is 31.0%, the probability of a cumulative rate hike of 25 basis points is 51.1%, and the probability of a cumulative rate hike of 50 basis points is 18.0%. The data reflects market pricing expectations for the Fed’s monetary policy path. Currently, the probability of keeping rates unchanged dominates, indicating that the market is cautious about further rate hikes in the near term. The rise in the September rate-hike probability reveals that concerns about sticky inflation and tighter policy have intensified, reinforcing the need for the Federal Reserve to maintain policy stability in the current high-interest-rate environment.