According to CME's "Federal Reserve Watch", the probability of the Federal Reserve keeping interest rates unchanged in June is 94.9% (pre announcement: 96.9%), and the probability of cutting interest rates by 25 basis points is 5.1% (pre announcement: 3.1%). The probability of keeping interest rates unchanged in July is 88.8% (pre announcement: 90.7%), the probability of cutting interest rates by 25 basis points is 10.8% (pre announcement: 9.1%), and the probability of cutting interest rates by 50 basis points is 0.4% (pre announcement: 0.2%).
