The probability of the Federal Reserve maintaining the same interest rate in June is 96.5%

According to CME's "Fed Watch", the probability of the Federal Reserve keeping interest rates unchanged in June is 96.5%, and the probability of a rate cut by 25 basis points is 3.5%. The likelihood of the Fed maintaining steady rates until August is 74.6%, with a cumulative chance of a rate cut by 25 basis points at 24.6% and a cumulative chance for a reduction by 50 basis points at 0.8%.