CME FedWatch shows the probability of interest rate decisions for July and September

According to CME FedWatch, there is a 62.1% probability that the Federal Reserve will keep interest rates unchanged in July, and a 37.9% probability of a cumulative 25 basis point rate hike. By September, there is a 15.1% probability that the Federal Reserve will keep rates unchanged, a 56.2% probability of a cumulative 25 basis point rate hike, and a 28.7% probability of a cumulative 50 basis point rate hike.