The CME's "FedWatch" tool indicates a 92.8% probability that the Federal Reserve will maintain current interest rates in April, according to a report by ChainCatcher via CNBC. The tool also suggests a 7.2% chance of a 25-basis-point rate increase during the same period. Looking ahead to June, the probability of a cumulative 25-basis-point hike stands at 9.1%, while a 50-basis-point increase is seen as highly unlikely at 0.2%. The likelihood of rates remaining unchanged by June is 90.7%.
Fed Likely to Hold Interest Rates Steady in April, CME Tool Shows
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
