Federal Reserve Has 99.4% Probability of Holding Rates in June, CME Fed Watch Shows

GateNews
According to CME Fed Watch data released on May 29, the Federal Reserve has a 99.4% probability of maintaining interest rates at current levels in June, with only a 0.6% chance of a 25 basis point rate hike. For July, the probability of unchanged rates stands at 93%, with a 6.9% probability of a 25 basis point increase.
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