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According to CME Federal Reserve observations, the probability of the Fed keeping interest rates unchanged in July is 84.5%, and the probability of a cumulative 25 basis point rate hike is 15.5%; The probability of the Federal Reserve keeping interest rates unchanged until September is 36%, the probability of a cumulative increase of 25 basis points is 55.1%, and the probability of a cumulative increase of 50 basis points is 8.9%.