Fed Rate Decision Probabilities for June and July

According to Jin10, CME's 'FedWatch' tool indicates a 98.4% probability that the Federal Reserve will maintain its current interest rates in June. There is a 1.6% chance of a cumulative 25 basis point rate cut. For 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.