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CME FedWatch: 88.7% probability of Fed rate hike of 25 bps in July

CME FedWatch: 88.7% probability of Fed rate hike of 25 bps in July

2023/07/06 02:36

After the Fed released the minutes of its monetary policy meeting this morning, according to the CME "Fed Watch" tool, the probability of the Fed maintaining interest rates at 5.00%-5.25% unchanged in July is 11.3%, and the probability of a 25 basis point hike to the 5.25%-5.50% range is 88.7%; by September the probability of maintaining interest rates The probability that rates will remain unchanged by September is 8.8%, the probability of a cumulative 25 basis point hike is 71.6%, and the probability of a cumulative 50 basis point hike is 19.5%.

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