The CME's "FedWatch" tool indicates a 94.2% probability that the Federal Reserve will keep interest rates unchanged in June. There is a 5.8% chance of a 25-basis-point rate cut. Looking ahead to July, the probability of maintaining the current rate is 84.1%, with a 15.3% chance of a 25-basis-point cut and a 0.6% chance of a 50-basis-point cut.
CME Predicts 94.2% Probability of Fed Holding Rates Steady in June
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