The probability of the Federal Reserve lowering interest rates by 25 basis points in July has risen to 20.7%.

On June 24, according to CME’s “The Federal Reserve (FED) Watch” data, the probability of a 25 basis point rate cut by the Federal Reserve in July is 20.7%, while the probability of maintaining the current rate is 79.3%. Earlier reports indicated that at 2 a.m. on June 24, Federal Reserve Governor Goolsbee stated, “If the impact of trade policy disappears, we should continue to cut rates.”