Data compiled by Woofun AI shows that CME Fed Watch metrics indicate a 63.7% probability of the Federal Reserve maintaining current interest rates in July, with a 36.3% likelihood of a cumulative 25 basis point increase.

Concurrently, forward-looking indicators suggest a significant shift in market expectations for the third quarter.

By September, the probability of keeping interest rates unchanged retreats to 26.1%, while the likelihood of a cumulative 25 basis point hike climbs to 52.2%.

Additionally, there is a 21.4% probability of a cumulative 50 basis point increase, reflecting growing market anticipation of tighter monetary policy.