CME Federal Reserve observation shows probability of Fed interest rate decisions in July and September

According to CME's "Federal Reserve Watch", the probability of the Federal Reserve keeping interest rates unchanged in July is 69%, and the probability of a cumulative 25 basis point rate hike is 31%; The probability of the Federal Reserve keeping interest rates unchanged until September is 36.6%, the probability of a cumulative increase of 25 basis points is 48.8%, and the probability of a cumulative increase of 50 basis points is 14.6%.