Federal Reserve's July Rate Decision Likely to Hold Steady

According to BlockBeats, the CME's FedWatch tool indicates a 76.7% probability that the Federal Reserve will maintain its current interest rates in July, with a 23.3% chance of a 25 basis point cut. Looking ahead to September, there is a 4.9% probability of rates remaining unchanged, a 73.3% chance of a cumulative 25 basis point cut, and a 21.8% likelihood of a cumulative 50 basis point reduction. Recently, the U.S. ADP employment data unexpectedly showed a negative value, and the official non-farm payroll data is set to be released soon.