The probability of the Fed raising interest rates by 25 basis points in July is 74.4%

On June 26, according to CME’s “Fed Watch”: the probability that the Federal Reserve will keep interest rates unchanged at 5.00%-5.25% in July is 25.6%, and the probability of raising interest rates by 25 basis points to the range of 5.25%-5.50% is 74.4%; The probability of keeping interest rates unchanged in September is 22.0%, the probability of accumulative rate hikes of 25 basis points is 67.6%, and the probability of accumulative rate hikes of 50 basis points is 10.4%.