Federal Reserve Holds Rates Steady in June With 99% Probability, CME Data Shows

According to CME's Federal Reserve Watch tool, as of May 14, the probability of the Federal Reserve maintaining interest rates unchanged in June stands at 99%, with only a 1% chance of a cumulative 25 basis point rate cut. The same outlook applies to July, with a 99% probability of unchanged rates and a 1% probability of a 25 basis point cut.
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