The Federal Reserve is expected to maintain interest rates unchanged in June, with a 98.4% probability according to CME's "FedWatch" tool. The likelihood of a 25 basis point rate cut stands at 1.6%. Looking ahead to July, the probability of rates remaining unchanged drops to 90.2%, while the chances of a 25 basis point rate hike increase to 8.4%, and a rate cut to 1.4%.
Fed Likely to Hold Rates Steady in June, CME Data Shows
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