CME FedWatch Tool: High Probability of No Rate Change in April

According to Jin10, the CME FedWatch Tool indicates a 99.5% probability that the Federal Reserve will maintain its current interest rates in April, with only a 0.5% chance of a 25 basis point rate hike. Looking ahead to June, the tool suggests a 95% probability of rates remaining unchanged, a 4.5% chance of a 25 basis point rate cut, and a 0.5% chance of a 25 basis point rate increase.