CME FedWatch Tool: High Probability of Fed Holding Rates Steady in June

The CME FedWatch Tool indicates a 99.2% probability that the Federal Reserve will maintain its current interest rates through June. According to Jin10, there is a 0.8% chance of a cumulative 25 basis point rate cut by the same time. Looking ahead to July, the probability of the Fed keeping rates unchanged is 95.0%, with a 0.7% chance of a 25 basis point rate cut and a 4.2% chance of a 25 basis point rate hike.