Federal Reserve Has 96.9% Probability of Holding Rates in June, CME FedWatch Shows

According to CME FedWatch, the Federal Reserve has a 96.9% probability of maintaining interest rates unchanged in June and a 3.1% probability of cutting rates by 25 basis points. For July, the probability of holding rates steady stands at 90.7%, with a 9.1% chance of a cumulative 25 basis point reduction.
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