Before the CPI announcement, the probability of the Fed keeping interest rates unchanged in June is 97.6%

Odaily Planet Daily News According to the CME "FedWatch": The probability of the Fed keeping interest rates unchanged in June is 97.6%, and the probability of a cumulative 25-basis-point rate cut is 2.4%. The probability of the Fed keeping interest rates unchanged in July 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%.