Before the PCE Data Release, the probability of the Fed keeping interest rates unchanged in July was 79.3%.

BlockBeats News, June 27, according to CME's "FedWatch" tool: The probability of the Fed holding interest rates steady in July is 79.3%, while the probability of a 25 basis point rate cut is 20.7%. The probability of the Fed holding interest rates steady in September is 8.2%, with a cumulative 25 basis point rate cut probability of 73.3% and a cumulative 50 basis point rate cut probability of 18.5%. (FX168)