The probability of the Fed keeping interest rates unchanged in July has dropped to 78.8%.

On July 2, according to CME "Fed Watch" data, the probability of the Federal Reserve maintaining interest rates in July is 78.8%, and the probability of a 25 basis point rate cut is 21.2%.

The probability of the Federal Reserve maintaining interest rates in September is 8.9%, the probability of a cumulative 25 basis point rate cut is 72.3%, and the probability of a cumulative 50 basis point rate cut is 18.8%.