Before the release of CPI, the probability of a Fed rate hike this month is 69.4%

Odaily News: Before the release of U.S. August CPI data, according to CME's "FedWatch": the probability that the Federal Reserve will keep interest rates unchanged through September is 30.6%, while the probability of a cumulative 25 basis point rate hike is 69.4%. The probability that the Federal Reserve will keep interest rates unchanged through October is 19.1%, the probability of a cumulative 25 basis point rate hike is 54.8%, and the probability of a cumulative 50 basis point rate hike is 26.1%.