Federal Reserve Interest Rate Projections for July and September

According to BlockBeats, data from CME's FedWatch tool indicates an 18.6% probability of a 25 basis point rate cut in July, while the likelihood of maintaining the current rate stands at 81.4%.

Looking ahead to September, there is an 8.6% chance that the Federal Reserve will keep rates unchanged. The probability of a cumulative 25 basis point rate cut by then is 74.8%, with a 16.6% chance of a 50 basis point reduction.

The upcoming Federal Open Market Committee (FOMC) meetings are scheduled for July 30 and September 17.