Federal Reserve's May Rate Decision: High Probability of No Change

According to Odaily, the CME's 'FedWatch' tool indicates an 86.4% probability that the Federal Reserve will maintain its interest rates unchanged in May. There is a 13.6% chance of a 25 basis point rate cut. Looking ahead to June, the likelihood of rates remaining unchanged drops to 33.6%, while the probability of a cumulative 25 basis point cut rises to 58.1%. Additionally, there is an 8.3% chance of a cumulative 50 basis point reduction.