CME "FedWatch": There is a 99.8% probability of the Fed raising interest rates by 25 basis points in July.

According to BlockBeats news on July 19th, based on CME's "FedWatch" data, there is a 0.2% chance that the Fed will maintain interest rates at 5.00%-5.25% in July, and a 99.8% chance that it will raise interest rates by 25 basis points to the 5.25%-5.50% range.