0959 ET - The Fed is likely to stay on hold at its July meeting, according to CME FedWatch. Markets are pricing in an 85.6% chance of leaving interest rates unchanged. Some Fed officials last week cautioned that inflation poses a bigger risk to the central bank's dual mandate. Still, by December, markets are pricing in a 41.8% chance of a hike. "The real discussion is whether the Fed will start a proper hiking cycle, which is typically delivered through at least 3 hikes, or not hiking at all," BofA Securities says.(jessica.coacci@wsj.com)
(END) Dow Jones Newswires
July 20, 2026 09:59 ET (13:59 GMT)
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