The Federal Reserve (FED) has a 2.6% probability of cutting interest rates in June, while the market expects a 97.4% probability that the interest rate will remain unchanged.

With 10 days left before the Fed’s next FOMC meeting, there is a 2.6% probability of a 25 basis point rate cut in June and a 97.4% chance of keeping rates unchanged, according to Fed Watch data. There is an 83.3% probability that the Fed will keep interest rates unchanged through July, a 16.3% probability of a cumulative 25 basis point rate cut, and a 0.4% probability of a cumulative 50 basis point rate cut.

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