Woofun AI data shows that CME FedWatch currently prices in a 73.3% probability for the Federal Reserve to maintain interest rates unchanged during its July meeting, with a 26.7% likelihood of a 25 basis point cumulative increase.

By September, market expectations shift significantly, assigning a 52.7% probability to a cumulative 25 basis point rate hike, while the chance of rates remaining steady drops to 32.4% and a 50 basis point increase sits at 14.9%.