Federal Reserve interest rate forecast for July and September

According to BlockBeats, data from CME's FedWatch tool shows an 18.6% chance of cutting down the whales by 25 basis points in July, while the chance of maintaining the current interest rate is 81.4%.

Looking ahead to September, there is an 8.6% chance that the Federal Reserve will keep interest rates unchanged. The likelihood of cutting down the whales by 25 basis points at that time is 74.8%, with a 16.6% chance of a 50 basis point cut.

The upcoming meetings of the Federal Open Market Committee (FOMC) are scheduled for July 30 and September 17.