CME: Fed Likely to Maintain Rates Through July

According to Jin10, CME's FedWatch tool indicates a 97.7% probability that the Federal Reserve will keep interest rates unchanged by June, with a 2.3% chance of a cumulative 25 basis point rate cut. By July, the probability of maintaining the current rates is 94.6%, while the chances of a cumulative 25 basis point cut stand at 5.4%, and a 50 basis point cut at 0.1%.