CME's "FedWatch" tool reveals a 99.2% probability that the Federal Reserve will maintain current interest rates in June, with only a 0.8% chance of a 25-basis-point rate cut. Looking ahead to July, the probability of rates remaining unchanged drops slightly to 95%, while the likelihood of a 25-basis-point cut is 0.7%, and a 25-basis-point hike stands at 4.2%. These projections reflect market expectations for the Fed's upcoming monetary policy decisions.