CME Data: Low Probability of Fed Rate Hike in April

According to Jin10, CME's FedWatch tool indicates a 7.2% probability of a 25 basis point rate hike by the Federal Reserve in April. The likelihood of maintaining the current interest rate stands at 92.8%. Looking ahead to June, the probability of a cumulative 25 basis point increase is 9.2%, while the chance of a 50 basis point hike is just 0.2%. The probability of rates remaining unchanged by June is 90.6%.