There is a 93.3% probability that the Federal Reserve will keep interest rates unchanged in July

According to CME "FedWatch": there is a 93.3% probability that the Federal Reserve will keep interest rates unchanged in July, and a 6.7% probability of a 25 basis point rate cut. For September, there is a 59.7% probability that rates will remain unchanged, a 36.2% probability of a cumulative 25 basis point rate cut, and a 4.1% probability of a cumulative 50 basis point rate cut.