Fed April rate hold probability at 99.5%, June cut odds at 6%

According to the CME FedWatch Tool, the probability of the Federal Reserve holding interest rates steady at its April meeting is 99.5%, with a 0.5% chance of a 25 basis point hike. Looking ahead to June, the cumulative probability of a 25 basis point rate cut is 6.0%, while the chance of rates remaining unchanged is 93.5%. The cumulative probability of a 25 basis point hike is 0.5%.