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According to CME's "Fed Watch": The probability of the Fed keeping rates unchanged in June is 96.8%, with a 3.2% probability of a cumulative 25 basis point rate hike. The probability of the Fed keeping rates unchanged in July is 85.4%, with a 14.2% probability of a cumulative 25 basis point rate hike and a 0.4% probability of a cumulative 50 basis point rate hike.
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