CME: Fed Likely to Maintain Interest Rates in April

On April 24, according to Jin10, CME's 'FedWatch' tool indicates a 1% probability that the Federal Reserve will raise interest rates by 25 basis points in April, while there is a 99% chance that rates will remain unchanged. Looking ahead to June, the probability of a cumulative 25 basis point rate cut stands at 2.6%, with a 96.4% likelihood of maintaining current rates, and a 1% chance of a cumulative 25 basis point rate hike.