Fed Maintains Rates in June With 98.2% Probability, Per CME

According to CME Fed Watch, released on June 10, the Federal Reserve has a 98.2% probability of maintaining interest rates unchanged in June, with only a 1.8% chance of a 25-basis-point rate cut. For July, the Fed holds an 85.8% probability of keeping rates steady, a 12.6% probability of a 25-basis-point rate hike, and a 1.6% probability of a rate cut.
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