The probability of the Federal Reserve raising interest rates by 25 basis points in July is currently reported at 34.2%
BlockBeats news, on June 24, according to CME "FedWatch" data, the probability that the Federal Reserve will keep interest rates unchanged in July is now 65.8%, while the probability of a 25 basis point rate hike is 34.2%.
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The Seoul Composite Index in South Korea rose 0.49%, paring some of its early morning gains. Brent crude fell 1.2% to around $94 per barrel, facing its longest losing streak in nearly a year. The decline in oil prices has eased market concerns over inflation, which had previously been driven up by yields reaching multi-decade highs, putting pressure on the bond market. Both Australian and New Zealand 10-year government bond yields dropped by at least 3 basis points, while US Treasury futures climbed in tandem.
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