CME Fed Watch: 98.6% Probability of June Rate Hold, 6.3% Odds of July Hike

According to CME Fed Watch, as of June 2, the probability of the Federal Reserve maintaining rates unchanged in June stands at 98.6%, with only a 1.4% chance of a 25 basis point rate cut. For July, the probability of holding rates steady is 92.4%, while the probability of a 25 basis point rate hike is 6.3%.
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