CME FedWatch data showed a 41.6% probability that the Federal Reserve will keep rates unchanged through September and a 58.4% probability of a cumulative 25-basis-point hike. It also put the chance of no change through October at 30.5%, with a 53.9% probability of a cumulative 25-basis-point hike and a 15.5% probability of a cumulative 50-basis-point hike, according to Jiemian News.
CME FedWatch: 58.4% Chance of a 25bp Fed Hike by September
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CME FedWatch data showed a 41.6% probability that the Federal Reserve will keep rates unchanged through September and a 58.4% probability of a cumulative 25-basis-point hike. It also put the chance of no change through October at 30.5%, with a 53.9% probability of a cumulative 25-basis-point hike a…