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According to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged in July is 58.3%, while the probability of a cumulative 25 basis point rate hike is 41.7%. The probability of the Fed keeping interest rates unchanged in September is 24.9%, with a probability of a cumulative 25 basis point rate hike at 51.2% and a probability of a cumulative 50 basis point rate hike at 23.9%.
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