Fed Rate Hold Seen at 98.1% by June, CME FedWatch Data Show

CME FedWatch data showed a 98.1% probability that the Federal Reserve would keep interest rates unchanged by June, with a 1.9% probability of a cumulative 25-basis-point rate cut. According to Jin10, the same tool showed an 84.7% probability that the Fed would keep rates unchanged by July. The data also indicated a 13.6% probability of a cumulative 25-basis-point rate hike by July and a 1.6% probability of a cumulative 25-basis-point rate cut by that time.