TechFlow, July 3 — According to Jinshi Data, the CME's "Fed Watch" indicates a 76.7% probability that the Federal Reserve will hold interest rates steady in July, and a 23.3% probability of a 25-basis-point rate cut. For September, the probability of holding rates unchanged is 4.9%, while the probabilities of cumulative rate cuts of 25 and 50 basis points are 73.3% and 21.8%, respectively. On Wednesday night, the U.S. "non-farm payroll preview" data unexpectedly recorded a negative value, with the official U.S. non-farm payrolls report due for release soon.
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