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According to CME Federal Reserve observations, the probability of the Fed keeping interest rates unchanged in July is 65.3%, and the probability of a cumulative 25 basis point rate hike is 34.7%; The probability of the Federal Reserve keeping interest rates unchanged until September is 22%, the probability of a cumulative increase of 25 basis points is 54.9%, and the probability of a cumulative increase of 50 basis points is 23%.