Fed has 66.3% probability of holding rates steady in July
As of July 1, 2026, CME FedWatch data shows a 66.3% probability of the Fed holding rates steady in July, with a 33.7% chance of a 25bps hike . However, trader sentiment is shifting rapidly, with short positions in Fed Funds futures surging 30% since new Chair Kevin Warsh took office, driven by strong labor data and hawkish comments from Cleveland Fed President Hammack .
07/01/2026 06:51