Coin World News: According to the CME Federal Reserve Observer, the probability that the Federal Reserve will keep interest rates unchanged in July is 88.8%, and the probability of cumulative rate hikes of 25 basis points is 11.2%. From July to September, the probability of keeping interest rates unchanged is 51.2%, the probability of cumulative rate hikes of 25 basis points is 44%, and the probability of cumulative rate hikes of 50 basis points is 4.7%. Market consensus on the Federal Reserve keeping interest rates unchanged in the near term is extremely solid, reflecting that the current monetary policy path has entered a highly certain observation period. The probability of maintaining the current interest rate level occupies an absolute dominant position, directly ruling out recent policy space for rate hikes.