Fed Holds Rates Unchanged in June With 94.2% Probability, Rate Cut Odds at 5.8%

According to CME Fed Watch, the Federal Reserve has a 94.2% probability of keeping interest rates unchanged in June, with a 5.8% chance of a 25 basis point rate cut. For July, the probability of holding rates steady stands at 84.1%, with a 15.3% probability of a cumulative 25 basis point cut.
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