Fed Rate Hold Seen as Most Likely Outcome for June and July, CME Data Shows

CME FedWatch data showed a 98.5% probability that the Federal Reserve would keep interest rates unchanged through June, with a 1.5% probability of a cumulative 25-basis-point rate cut. According to Jin10, the same tool showed a 91.3% probability that the Fed would keep rates unchanged through July, alongside a 7.4% probability of a cumulative 25-basis-point rate hike and a 1.4% probability of a cumulative 25-basis-point rate cut.