CME FedWatch shows 99% chance of Fed holding rates in June

According to the CME FedWatch Tool, there is a 99% probability that the U.S. Federal Reserve will hold interest rates steady in June, with a 1% chance of a 25-basis-point cut. Looking ahead to the July meeting, the tool indicates an 84.4% probability of rates remaining unchanged, a 14.8% chance of a 25-basis-point hike, and a 0.8% chance of a 25-basis-point cut.