Federal Reserve Expected to Maintain Interest Rates in June

According to BlockBeats, data from CME's FedWatch indicates that there is a 0.4% probability of the Federal Reserve cutting interest rates by 25 basis points at the upcoming FOMC meeting, scheduled for June 19 at 2 a.m. UTC+8. The likelihood of rates remaining unchanged stands at 99.6%. Looking ahead to July, the probability of a cumulative 50 basis point rate cut is 0.1%, while the chance of a 25 basis point reduction is 23%. The probability of maintaining the current rates is 76.9%.