Before the non-farm payroll data release, the probability of the Fed keeping interest rates unchanged in June was 96.4%

Odaily Planet Daily News According to the CME FedWatch Tool: The probability of the Fed keeping interest rates unchanged in June is 96.4%, and the probability of a cumulative 25 basis point rate cut is 3.6%. The probability of the Fed keeping interest rates unchanged in July is 88.5%, the probability of a cumulative 25 basis point rate hike is 8.2%, and the probability of a cumulative 25 basis point rate cut is 3.2%.