The CME's "FedWatch" tool indicates a 99% probability that the Federal Reserve will maintain current interest rates in April, with only a 1% chance of a 25-basis-point increase. Looking ahead to June, the tool suggests a 2.6% probability of a 25-basis-point rate cut, a 96.4% chance of rates remaining unchanged, and a 1% likelihood of a rate hike.
CME Predicts 99% Probability of Fed Holding Rates Steady in April
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