The CME's "FedWatch" tool indicates a 7.2% probability of the Federal Reserve increasing interest rates by 25 basis points in April, with a 92.8% likelihood of maintaining current rates. Looking ahead to June, the tool suggests a 9.2% chance of a cumulative 25-basis-point hike, a 0.2% chance of a 50-basis-point increase, and a 90.6% probability of rates remaining unchanged.