CME FedWatch Shows High Odds of Fed Holding Rates Steady in June and July

CME’s FedWatch tool showed a 98.5% probability that the Federal Reserve would keep interest rates unchanged in June, with a 1.5% probability of a cumulative 25-basis-point rate cut. According to Jin10, the tool also showed a 91.3% probability that the Fed would keep rates unchanged by July. It put the probability of a cumulative 25-basis-point rate hike at 7.4% and the probability of a cumulative 25-basis-point rate cut at 1.4%.