The probability of the Federal Reserve keeping interest rates unchanged in July rose to 97.4% after the CPI was released.

According to the CME "Fed Watch": After the release of the CPI data, the probability of the Fed keeping interest rates unchanged in July is 97.4%, and the probability of a 25 basis point rate cut is 2.6%. The probability of the Fed keeping interest rates unchanged in September is 38.6%, the probability of a cumulative 25 basis point rate cut is 59.9%, and the probability of a cumulative 50 basis point rate cut is 1.6%. [Odaily Planet Daily News]