The probability of the Federal Reserve implementing a 25-basis-point rate hike by June remains at 0.5%, according to CME's "FedWatch" tool, following the release of Non-Farm Payrolls data. The likelihood of maintaining current rates has increased to 97.5%, up from 91.7% prior to the announcement. Meanwhile, the chance of a 25-basis-point rate cut by June has decreased to 2.0%, down from 7.8% before the data release.
Fed's June Rate Hike Probability Remains at 0.5% Amid Payroll Data
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