Before the FOMC interest rate decision: Overview of recent meeting rate cut probabilities

According to CME's "FedWatch": The probability of the Fed maintaining interest rates unchanged in this meeting is 97.9%, while the probability of a 25 basis point rate cut is 2.1%. The probability of the Fed maintaining interest rates unchanged until September is 0%, with a cumulative 25 basis point rate cut probability of 89.6%, a cumulative 50 basis point rate cut probability of 10.2%, and a cumulative 75 basis point rate cut probability of 0.2%. The probability of the Fed maintaining interest rates unchanged until November is 0%, with a cumulative 25 basis point rate cut probability of 33.5%, a cumulative 50 basis point rate cut probability of 59.9%, and a cumulative 75 basis point rate cut probability of 6.5%