CME: Fed Likely to Maintain Rates in June

The CME's FedWatch tool indicates a 97.3% probability that the Federal Reserve will keep interest rates unchanged in June. According to Jin10, there is a 2.7% chance of a cumulative 25 basis point rate hike. Looking ahead to July, the probability of maintaining the current rate is 84.8%, with a 14.8% chance of a 25 basis point increase and a 0.3% chance of a 50 basis point hike.