CME Predicts Low Probability of Fed Rate Hike in April

According to Jin10, CME's 'FedWatch' tool indicates a 7.2% probability of the Federal Reserve raising interest rates by 25 basis points in April, while the likelihood of maintaining the current rate stands at 92.8%. Looking ahead to June, the probability of a cumulative 25 basis point hike is 9.1%, with a 0.2% chance of a 50 basis point increase. The probability of rates remaining unchanged by June is 90.7%.