The Federal Reserve is expected to keep interest rates steady for the time being, according to predictions from the Chicago Mercantile Exchange (CME). There is a high probability of 90.7% that the interest rates will remain unchanged in August, with a small chance of a 25 basis point cut at 9.3%. This suggests that the Federal Reserve is likely to maintain the current interest rates for the next month.

The predictions are based on the current state of the economy and market trends. The Federal Reserve has been closely monitoring the economy and has taken steps to control inflation. The current interest rates have been effective in keeping inflation in check, and it is likely that the Federal Reserve will want to keep them steady to maintain this control.

Looking ahead to September, the predictions change slightly. The likelihood of the interest rates remaining the same drops to 39%, with a higher probability of a cumulative 25 basis point cut at 55.7%. There is also a small chance of a cumulative 50 basis point cut at 5.3%. These predictions suggest that the Federal Reserve may consider cutting interest rates in the near future, but this will depend on how the economy performs.

The Federal Reserve's decision to keep interest rates steady for now is likely to have a positive impact on the economy. It will give businesses and individuals certainty and stability, allowing them to make informed decisions about investments and spending. It will also help to maintain the current economic growth and keep inflation in check.

Overall, the predictions from the CME suggest that interest rates are likely to remain steady for the time being, but may be cut in the near future. This will depend on how the economy performs and the decisions made by the Federal Reserve. It is important to keep a close eye on interest rates and their impact on the economy, as they can have a significant effect on businesses and individuals alike.