Prior to the nonfarm payroll data release, the probability of the Fed keeping rates unchanged in June was 96.4%

According to the CME "FedWatch" report from Odaily Planet Daily: The probability of the Federal Reserve maintaining interest rates unchanged in June is 96.4%, while the probability of a cumulative 25-basis-point rate cut is 3.6%. The probability of the Fed keeping 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%.