The probability of the Fed keeping interest rates unchanged in July has risen to 97.4%.

CME's "Fed Watch": After the CPI data was announced, the probability of the Fed maintaining interest rates unchanged in July is 97.4%, and the probability of a 25 basis point rate cut is 2.6%. The probability of the Fed maintaining interest rates unchanged in September is 38.6%, the cumulative probability of a 25 basis point rate cut is 59.9%, and the cumulative probability of a 50 basis point rate cut is 1.6%.