CME's "FedWatch" tool indicates a 99% probability that the Federal Reserve will maintain current interest rates in June, with only a 1% chance of a 25-basis-point cut. Looking ahead to July, the tool forecasts an 84.4% likelihood of rates remaining unchanged, a 0.8% chance of a rate cut, and a 14.8% probability of a 25-basis-point increase.
CME Predicts 99% Chance Fed Will Hold Rates Steady in June
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