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Fed Likely to Hold Rates in June at 98.4% Probability, 8.4% Chance of Hike in July

GateNews
Forex
According to CME FedWatch Tool data, the Federal Reserve has a 98.4% probability of holding rates steady in June and a 1.6% probability of cutting by 25 basis points. For July, the probability of maintaining current rates stands at 90.2%, with an 8.4% chance of a 25 basis point rate increase and a 1.4% probability of a 25 basis point cut.
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