Fed Has 99.9% Probability of Holding Rates Steady in June, CME Data Shows

GateNews
According to CME's Federal Reserve Watch data released on May 28, the Federal Reserve has a 99.9% probability of holding interest rates unchanged in June. Looking ahead to July, there is a 91.4% probability the Fed will maintain rates at current levels, while markets assign an 8.5% probability to a 25-basis-point rate increase.
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