The Federal Reserve is expected to keep interest rates unchanged in June, with a 97.6% probability, according to CME's "FedWatch" tool. There is a 2.4% chance of a cumulative 25-basis-point rate cut. Looking ahead to July, the probability of maintaining the current rate is 95.6%, while there is a 4.4% chance of a 25-basis-point cut and a 0.1% chance of a 50-basis-point cut.
Federal Reserve Likely to Maintain Rates in June, CME Data Shows
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