Federal Reserve's May Interest Rate Decision: High Probability of No Change

According to PANews, the CME's "FedWatch" tool indicates a 94.3% probability that the Federal Reserve will maintain its current interest rates in May. There is a 5.7% chance of a 25 basis point rate cut. Looking ahead to June, the likelihood of rates remaining unchanged stands at 35.9%, while the probability of a cumulative 25 basis point cut is 60.5%. Additionally, there is a 3.6% chance of a cumulative 50 basis point reduction.