Federal Reserve's June and July Rate Decisions Predicted

According to Odaily, the CME's 'FedWatch' tool indicates a 97.5% probability that the Federal Reserve will maintain its current interest rates in June, with a 2.5% chance of a 25 basis point rate cut. For July, there is a 67.3% likelihood of rates remaining unchanged, a 32.0% chance of a cumulative 25 basis point cut, and a 0.8% probability of a cumulative 50 basis point reduction.