Federal Reserve's May Rate Decision: 76.1% Chance of No Change

According to PANews, the CME's 'FedWatch' tool indicates a 76.1% probability that the Federal Reserve will maintain its current interest rates in May. There is a 23.9% chance of a 25 basis point rate cut. Looking ahead to June, the likelihood of rates remaining unchanged is 32.1%, while the probability of a cumulative 25 basis point cut stands at 54.1%, and a 50 basis point cut is at 13.8%.