The Probability of the FED Raising Interest Rates by 25 Basis Points in July is 84.3%

According to CME “FED Watch”: The probability that the Fed will keep interest rates unchanged at 5.00%-5.25% in July is 15.7%, and the probability of raising interest rates by 25 basis points to the range of 5.25%-5.50% is 84.3%;
The probability of keeping interest rates unchanged by September is 11.1%, the probability of a cumulative rate hike of 25 basis points is 64.4%, and the probability of a cumulative rate hike of 50 basis points is 24.5%.