Fed Rate Decision: April Rate Hike Probability at 1.6%, CME Reports

According to Jin10, CME's 'FedWatch' tool indicates a 1.6% probability of the Federal Reserve raising interest rates by 25 basis points in April, while the likelihood of maintaining the current rate stands at 98.4%. Looking ahead to June, the probability of a cumulative rate cut of 25 basis points is 3.9%, with a 94.6% chance of rates remaining unchanged, and a 1.5% probability of a cumulative rate hike of 25 basis points.