According to BlockBeats, the CME 'FedWatch' tool indicates a 93.3% probability that the Federal Reserve will keep interest rates unchanged in August. There is a 6.7% chance of a 25 basis point rate cut during the same period.Looking ahead to September, the likelihood of the Federal Reserve maintaining the current interest rates drops to 0%. The probability of a cumulative 25 basis point rate cut stands at 89.6%, while there is a 10.2% chance of a cumulative 50 basis point cut. The probability of a cumulative 75 basis point rate cut is 0.3%.
