Fed Likely to Maintain Rates in June at 98.1% Probability, Per CME Data

According to Jin10 data on June 9, CME's "Fed Watch" tool shows the Federal Reserve has a 98.1% probability of maintaining interest rates unchanged in June, with a 1.9% probability of cumulative rate cuts of 25 basis points.

For July, the Fed has an 84.7% probability of maintaining rates, a 13.6% probability of cumulative rate hikes of 25 basis points, and a 1.6% probability of cumulative cuts of 25 basis points.