Federal Reserve Likely to Maintain Interest Rates in June

According to BlockBeats, data from CME's FedWatch indicates that with ten days remaining until the next Federal Open Market Committee (FOMC) meeting, there is a 2.6% probability of a 25 basis point rate cut in June, while the likelihood of maintaining the current interest rate stands at 97.4%. Looking ahead to July, the probability of the Federal Reserve keeping interest rates unchanged is 83.3%. The chances of a cumulative 25 basis point rate cut are 16.3%, and the probability of a cumulative 50 basis point cut is 0.4%.