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The probability of the Fed raising interest rates by 25 basis points in July is 91.8%

According to CME “Fed Watch”: the probability that the Fed will keep interest rates unchanged at 5.00%-5.25% in July is 8.2%, and the probability of raising interest rates by 25 basis points to the range of 5.25%-5.50% is 91.8%;

The probability of keeping interest rates unchanged by September is 5.8%, the probability of accumulatively raising interest rates by 25 basis points is 66.7%, and the probability of accumulatively raising interest rates by 50 basis points is 27.5%.