Phil Orlando: The possibility of the Federal Reserve raising interest rates in July is unlikely

According to Golden Ten Data on July 10th, Phil Orlando, Chief Market Strategist at Federated Hermes, stated that the possibility of the Federal Reserve raising interest rates by 0.25% in July is unlikely, and it is expected that the Fed will maintain interest rates unchanged. According to data from the London Stock Exchange Group, the probability of a 0.25% interest rate hike in July is 22% for money market pricing.