The Federal Reserve is anticipated to keep interest rates steady in April, with a 98.4% probability according to CME's "FedWatch" tool. The tool indicates only a 1.6% chance of a 25-basis-point rate increase during the same period. Looking ahead to June, the probability of a cumulative 25-basis-point rate cut stands at 1.8%, while the likelihood of maintaining current rates is 96.6%. Additionally, there is a 1.5% chance of a cumulative 25-basis-point rate hike by June.
Fed Expected to Maintain Interest Rates in April with 98.4% Probability
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