The probability that the Federal Reserve will hold interest rates unchanged this week is 97.4%.

date
28/07/2025
According to CME's "Fed Watch": The probability of the Fed maintaining interest rates in July is 97.4%, with a 2.6% probability of a 25 basis point rate cut. The probability of the Fed maintaining interest rates in September is 35.9%, with a cumulative 62.4% probability of a 25 basis point rate cut, and a 1.6% probability of a cumulative 50 basis point rate cut.