CME FedWatch: Fed Likely to Hold Rates Steady at June Meeting With 96% Probability

According to CME FedWatch data, the Federal Reserve has a 96% probability of maintaining interest rates at its June meeting, with a 4% chance of a 25 basis point rate cut. For July, the probability of holding rates steady stands at 88.8%, while the likelihood of a cumulative 25 basis point cut is 10.9% and a 50 basis point cut is 0.3%.
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