Federal Reserve's May Rate Decision Likely to Remain Unchanged

According to PANews, the CME's "FedWatch" tool indicates a 96.3% probability that the Federal Reserve will maintain its current interest rates in May. There is a 3.7% chance of a 25 basis point rate cut. Looking ahead to June, the probability of rates remaining unchanged drops to 22.1%, while the likelihood of a cumulative 25 basis point cut rises to 75.0%. Additionally, there is a 2.8% chance of a cumulative 50 basis point reduction.