The probability of the Federal Reserve maintaining the same interest rate in August is 89.7%

According to CME's "Fed Watch", the probability of the Federal Reserve keeping interest rates unchanged in August is 89.7%, and the probability of a rate cut by 25 basis points is 10.3%. The likelihood of the Fed maintaining steady rates into September stands at 32.3%, with a cumulative chance of a rate cut by 25 basis points being at 61.1% and a cumulative reduction by 50 basis points standing at 6.6%.