Probability of Fed keeping rates unchanged in June stands at 97.6% before CPI release

Odaily Odaily News According to CME's "FedWatch": As of June, the probability of the Federal Reserve maintaining interest rates unchanged is 97.6%, while the probability of a cumulative 25-basis-point rate cut is 2.4%. For July, the probability of the Fed keeping rates unchanged is 95.6%, the probability of a cumulative 25-basis-point rate cut is 4.4%, and the probability of a cumulative 50-basis-point rate cut is 0.1%.