Federal Reserve Has 98.2% Probability of Holding Rates Steady in June, CME Fed Watch Shows on June 10

According to CME Fed Watch on June 10, the Federal Reserve has a 98.2% probability of maintaining interest rates unchanged through June, with a 1.8% chance of a cumulative 25 basis point rate cut. For July, the probability of holding rates steady stands at 85.8%, while the probability of a cumulative 25 basis point rate hike is 12.6% and a rate cut is 1.6%.
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