The Federal Reserve is expected to keep interest rates unchanged in both June and July, according to CME's "FedWatch" tool. The tool indicates a 99% probability that rates will remain steady through June, with only a 1% chance of a 25-basis-point cut. Similarly, the probability of maintaining the current rates through July is also at 99%, with a 1% chance of a rate cut.
Fed Likely to Maintain Interest Rates in June and July
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