Fed Likely to Hold Interest Rates Steady in April, CME Tool Shows

The CME's "FedWatch" tool indicates a 92.8% probability that the Federal Reserve will maintain current interest rates in April, according to a report by ChainCatcher via CNBC. The tool also suggests a 7.2% chance of a 25-basis-point rate increase during the same period. Looking ahead to June, the probability of a cumulative 25-basis-point hike stands at 9.1%, while a 50-basis-point increase is seen as highly unlikely at 0.2%. The likelihood of rates remaining unchanged by June is 90.7%.