The market predicts with 94% certainty that the Federal Funds Rate will increase by 25 basis points to between 5.25% and 5.5% on July 26th.
"the market is predicting that there's only a 5.8 percent chance that the rate will stay exactly as it is Instead it shows that the most likely outcome is that interest rates will go up by a quarter percent or the fancy way of saying it is 25 basis points on July 26th it shows there's a 94 chance that the new rate will be between 5.25 and five and a half percent"
