The probability of the Federal Reserve maintaining the same interest rate in August is 90.7%

According to CME "Fed Watch": The probability of the Federal Reserve keeping interest rates unchanged in August is 90.7%, and the probability of a rate cut by 25 basis points is 9.3%. The likelihood of the Fed maintaining steady rates into September stands at 37.2%, with a cumulative chance for a rate cut by 25 basis points at 57.3% and a cumulative reduction by 50 basis points at 5.5%.