Federal Reserve Has 97.7% Probability of Holding Rates Steady in June, CME FedWatch Shows

According to CME FedWatch, the Federal Reserve has a 97.7% probability of holding rates unchanged in June, with a 2.3% chance of a 25 basis point cut. For July, the probability of maintaining rates stands at 94.6%, while a 25 basis point cut has a 5.4% probability and a 50 basis point cut carries a 0.1% probability.
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