[The Probability of the Federal Reserve Keeping Rates Unchanged in July is 85.6%] According to Golden Finance, on July 20, CME's 'FedWatch' indicates that the probability of the Federal Reserve keeping rates unchanged in July is 85.6%, while the probability of a cumulative 25 basis point rate hike is 14.4%. The probability of the Federal Reserve keeping rates unchanged by September is 38.5%, the probability of a cumulative 25 basis point rate hike is 53.5%, and the probability of a cumulative 50 basis point rate hike is 7.9%.