Before the CPI release, the probability that the Fed will keep interest rates unchanged in June stands at 97.6%

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