CME Predicts 97.7% Probability of Fed Holding Rates Steady in June

The CME's "FedWatch" tool indicates a 97.7% probability that the Federal Reserve will maintain current interest rates in June. There is a 2.3% chance of a 25-basis-point rate cut. Looking ahead to July, the probability of rates remaining unchanged is 94.6%, with a 5.4% chance of a 25-basis-point cut and a 0.1% chance of a 50-basis-point cut.