Fed Likely to Keep Interest Rates Steady in June

The Federal Reserve’s next meeting on June’s agenda is likely to keep interest rates unchanged, according to recent data from CME’s FedWatch tool. With a 97.4% probability of maintaining the current rate, traders are betting against any potential cuts. While the chances of a quarter-point rate cut in June stand at just 2.6%, the market anticipates future adjustments in July. In anticipation, there’s a significant likelihood of holding interest rates steady, with a 83.3% probability for July.