CME FedWatch shows 93.5% chance of Fed rate hold in June

According to the CME FedWatch Tool, there is a 93.5% probability that the Federal Reserve will keep interest rates unchanged in June, with a 6.5% chance of a 25 bp cut. Looking ahead to July, the probability of rates remaining steady stands at 86.5%. The cumulative probability of a 25 bp cut by then is 13.0%, while the chance of a cumulative 50 bp cut is 0.5%.