CME FedWatch Tool Indicates High Probability of Rate Hold in June

The CME FedWatch Tool suggests a 98.4% probability that the Federal Reserve will maintain interest rates unchanged by June. According to Jin10, there is a 1.6% chance of a cumulative 25 basis point rate cut. By July, the probability of rates remaining unchanged is 90.2%, with an 8.4% chance of a cumulative 25 basis point rate hike and a 1.4% chance of a cumulative 25 basis point rate cut.