Woofun AI data shows that CME FedWatch currently prices in an 85.6% probability of the Federal Reserve maintaining interest rates at current levels during the July meeting. The likelihood of a cumulative 25 basis point increase stands at 14.4% for that period.

Looking ahead to September, the market assigns a 38.5% probability to a rate hold. Conversely, there is a 53.5% chance of a cumulative 25 basis point hike and a 7.9% probability of a 50 basis point cumulative increase by that date.