The probability of a 25 basis point rate hike by the Federal Reserve in September is currently at 56.5%.

BlockBeats News, August 7th, according to CME's "FedWatch" data, the probability of the Fed holding interest rates steady in September is currently at 43.5%, while the probability of a 25 basis point rate hike is 56.5%.

Earlier, according to the Financial Times, insiders revealed that if the upcoming inflation data is strong in the coming weeks and market expectations for rising borrowing costs also increase, Powell is prepared to raise rates at the September meeting.