ChainCatcher report, according to CNBC, CME's "FedWatch" tool shows a 41.6% probability that the Fed will hold rates steady by September, with a 58.4% probability of a cumulative 25-basis-point hike. By October, the probability of holding rates steady is 30.5%, a cumulative 25-basis-point hike is 53.9%, and a cumulative 50-basis-point hike is 15.5%.
Fed raises rates by 25 bps in September with 58.4% probability
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Summary
CFT measures remain a focus, as the CME 'Fed Watch' tool shows a 58.4% probability that the Fed will raise rates by 25 bps in September, with a 41.6% chance of holding steady. In October, there is a 53.9% probability of a 25-bps hike and a 15.5% probability of a 50-bps hike. MiCA developments in the EU continue to shape global regulatory expectations.
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