The probability of the Federal Reserve maintaining the same interest rate in August is 88.6%

According to CME's "Fed Watch": The probability of the Federal Reserve keeping interest rates unchanged in August is 88.6%, and the probability of a rate cut by 25 basis points is 11.4%. The likelihood of the Fed maintaining steady rates into September stands at 33.7%, with a cumulative chance of a rate cut by 25 basis points being at 59.3% and a cumulative reduction by 50 basis points standing at 7%.