There is a 91.7% probability that the Federal Reserve will keep rates unchanged in July

According to CME "FedWatch": There is a 91.7% probability that the Federal Reserve will keep interest rates unchanged in July, and an 8.3% probability of a 25 basis point rate cut. For September, there is a 36.1% probability that rates will remain unchanged, a 58.9% probability of a cumulative 25 basis point rate cut, and a 5.0% probability of a cumulative 50 basis point rate cut.