CME FedWatch: 62.3% probability of a 25 basis point rate hike in September

According to CME "FedWatch": There is a 37.7% probability that the Federal Reserve will keep interest rates unchanged by September, and a 62.3% probability of a cumulative 25 basis point rate hike. By October, there is a 27.2% probability that the Federal Reserve will keep rates unchanged, a 55.5% probability of a cumulative 25 basis point hike, and a 17.2% probability of a cumulative 50 basis point hike.