The probability of the Federal Reserve keeping interest rates unchanged in June is 93.5%, and the probability of a rate cut in July is 13%

According to Jinshi News, CME's "Fed Watch" shows that the probability of the Federal Reserve keeping interest rates unchanged until June is 93.5%, and the probability of a cumulative rate cut of 25 basis points is 6.5%. By July, the probability of keeping interest rates unchanged is 86.5%, the probability of a cumulative rate cut of 25 basis points is 13%, and the probability of a cumulative rate cut of 50 basis points is 0.5%.