CPI data to be released: Probability of Fed keeping rates unchanged in June at 98.2%

Odaily reports that according to the CME "FedWatch": The probability of the Federal Reserve keeping interest rates unchanged in June is 98.2%, while the probability of a cumulative 25-basis-point rate cut is 1.8%. For July, the probability of the Fed keeping rates unchanged stands at 85.8%, the probability of a cumulative 25-basis-point rate hike is 12.6%, and the probability of a cumulative 25-basis-point rate cut is 1.6%.