The probability of the Federal Reserve keeping interest rates unchanged in June is 98.6%, while the probability of a rate cut is only 1.4%

According to Jinshi reports, the CME "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged until June is 98.6% (before the decision it was 98.8%), and the cumulative probability of a 25 basis point rate cut is 1.4% (before the decision it was 1.2%). The probability of keeping interest rates unchanged until July is 96.5% (before the decision it was 94.6%), and the probability of a rate cut is 3.4% (before the decision it was 5.4%). The probability of keeping interest rates unchanged until September is 96.1% (before the decision it was 92.7%), and the probability of a rate cut is 3.8% (before the decision it was 7.2%).