CME FedWatch: The probability of a 25 basis point rate cut in July is 18.6%

On June 29, according to CME "The Federal Reserve (FED) Watch" data, the probability of a 25 basis point interest rate cut in July is 18.6%, while the probability of keeping the interest rate unchanged is 81.4%. The probability of the Federal Reserve (FED) keeping the interest rate unchanged until September is 8.6%, the cumulative probability of a 25 basis point interest rate cut is 74.8%, and the cumulative probability of a 50 basis point interest rate cut is 16.6%. The dates for the next two FOMC meetings of the Federal Reserve (FED) are July 30 and September 17.