CME FedWatch Tool shows a 62.3% probability of a 25 basis point rate hike in September.

According to CME FedWatch, the probability that the Federal Reserve will keep interest rates unchanged until September is 37.7%, while the probability of a cumulative rate hike of 25 basis points is 62.3%. By October, the probability of keeping rates unchanged is 27.2%, the probability of a cumulative 25 basis point hike is 55.5%, and the probability of a cumulative 50 basis point hike is 17.2%.