CME Predicts High Probability of Fed Rate Stability Through July

The CME 'FedWatch' tool indicates a 99% probability that the Federal Reserve will maintain its current interest rates through June, according to ChainCatcher. There is a 1% chance of a cumulative rate cut of 25 basis points. Similarly, the probability of the Fed keeping rates unchanged through July is also 99%, with a 1% chance of a 25 basis point reduction.