The Federal Reserve is expected to keep interest rates unchanged in June, with a 97.3% probability, according to CME's "FedWatch" tool. The tool also suggests a 2.7% chance of a cumulative 25-basis-point rate cut. Looking ahead to July, the probability of maintaining the current rate stands at 87.2%, while there is a 2.4% chance of a rate cut and a 10.4% chance of a 25-basis-point rate hike.
Fed Likely to Maintain Interest Rates in June, CME Tool Indicates
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