After the CPI data release, the probability of the Federal Reserve keeping interest rates unchanged in June is 96.3%

According to CME's "FedWatch": As of the latest data, the probability of the Federal Reserve maintaining interest rates unchanged in June is 96.3%, while the probability of a cumulative 25-basis-point rate cut is 3.7%. For July, the probability of the Fed keeping rates unchanged is 86.4%, the probability of a cumulative 25-basis-point rate hike is 10.3%, and the probability of a cumulative 25-basis-point rate cut is 3.3%.