CME FedWatch shows 99% chance of Fed rate hold in June

According to the CME FedWatch Tool, the probability of the Federal Reserve holding interest rates steady in June is 99%, with a 1% chance of a 25 basis point cut. The probability of a rate hold through July is also 99%, with a 1% chance of a cumulative 25 bp cut. For the period through September, the tool indicates a 98.8% probability of rates remaining unchanged, with a 1.2% chance of a cumulative 25 bp cut.