Federal Reserve's May Rate Decision: 73.4% Chance of No Change

According to PANews, the CME's "FedWatch" tool indicates a 73.4% probability that the Federal Reserve will maintain its current interest rates in May. There is a 26.6% chance of a 25 basis point rate cut. Looking ahead to June, the probability of rates remaining unchanged drops to 13.9%. The likelihood of a cumulative 25 basis point cut by June stands at 64.6%, while the probability of a cumulative 50 basis point reduction is 21.5%.