Federal Reserve 99.5% Likely to Maintain Rates at June Meeting, CME FedWatch Shows

According to CME FedWatch, as of June 17, the Federal Reserve has a 99.5% probability of maintaining interest rates unchanged at its June meeting, with a 0.5% chance of a 25 basis point rate cut.

For July, the Federal Reserve has a 92% probability of holding rates steady, a 7.9% probability of a 25 basis point rate hike, and 0% probability of a rate cut.

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