CME Data: Fed Likely to Maintain Rates in April

According to Jin10, CME's "FedWatch" tool indicates a 2.6% probability of a 25 basis point rate hike by the Federal Reserve in April, while the likelihood of maintaining the current rate stands at 97.4%. Looking ahead to June, there is a 5% chance of a cumulative 25 basis point rate cut, a 92.5% probability of rates remaining unchanged, and a 2.5% chance of a cumulative 25 basis point rate hike.