According to CME's "Federal Reserve Watch", the probability of the Federal Reserve keeping interest rates unchanged in July is 62.6%, and the probability of a cumulative 25 basis point rate hike is 37.4%; The probability of the Federal Reserve keeping interest rates unchanged until September is 29.8%, the probability of a cumulative increase of 25 basis points is 50.6%, and the probability of a cumulative increase of 50 basis points is 19.6%.