CME data: The probability of the Federal Reserve raising interest rates within the year drops to 48%

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According to CME's "Federal Reserve Watch" data, the probability of the Federal Reserve keeping interest rates unchanged until December is 51.8%, and the probability of a cumulative 25 basis point rate cut is 0.2%. The probability of interest rate hikes within the year has decreased to 48%, with a cumulative probability of a 25 basis point hike of 37.9%, a cumulative probability of a 50 basis point hike of 9.2%, and a cumulative probability of a 75 basis point hike of 0.9%.

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