FedWatch shows 98.4% chance of April rate hold

According to CME Fed Watch, the probability of the U.S. Federal Reserve holding interest rates steady in April stands at 98.4%, with a 1.6% chance of a 25 bp hike. By June, the probability of a rate hold is 94.6%, with a 3.9% chance of a 25 bp cut and a 1.5% chance of a 25 bp hike.