The probability of the Federal Reserve maintaining the interest rate unchanged this week is 95.9%

According to CME's "Fed Watch": The probability of the Federal Reserve keeping interest rates unchanged this week is 95.9%, and the probability of a 25 basis point cut is 4.1%. The chance that the Fed will keep interest rates unchanged until September is 0%, while there's an 87.7% chance for a cumulative rate cut of 25 basis points, an 11.9% chance for a cumulative rate cut of 50 basis points, and a mere 0.4% possibility for a cumulative rate cut of up to 75 basis points.