Woofun AI data shows that the likelihood of the Federal Reserve maintaining interest rates in July is currently priced at 69%, according to CME’s Federal Reserve Watch tool. The probability of a 25 basis point rate hike for the same period stands at 31%.

Looking ahead to September, the market assigns a 36.6% probability to rates remaining unchanged. The chance of a cumulative 25 basis point increase by September is 48.8%, while a 50 basis point hike carries a 14.6% probability.