The Federal Reserve is expected to maintain its current interest rates in June, with a 97.3% probability, according to CME's "FedWatch" tool. This tool, as reported by CNBC, also indicates a 2.7% chance of a cumulative 25-basis-point rate hike. Looking ahead to July, the probability of rates remaining unchanged drops to 84.8%, while the likelihood of a 25-basis-point increase rises to 14.8%, and a 50-basis-point hike stands at 0.3%.
Fed Likely to Maintain Interest Rates in June, CME Tool Indicates
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