The Federal Reserve expects a 18.6% probability of a rate cut in July and a 74.8% probability of a rate cut in September.

According to ChainCatcher, CME's 'Federal Reserve Watch' shows that the probability of a 25 basis point rate cut in July is 18.6%, and the probability of maintaining the current interest rate is 81.4%.

The probability of the Federal Reserve maintaining the interest rate until September is 8.6%, the cumulative probability of a 25 basis point rate cut is 74.8%, and the cumulative probability of a 50 basis point rate cut is 16.6%.

The dates for the next two FOMC meetings are July 30 and September 17.