Fed Expected to Keep Interest Rates Steady in June

Market predictions indicate a high likelihood for the Federal Reserve to maintain its current interest rate policy during June, according to CME’s ‘FedWatch’ tool. The tool assigns a 99.8% probability to a decision of no change, with only a negligible 0.2% chance of a 25 basis point decrease. As for July, the outlook remains unchanged, with an 87.5% chance of rates remaining constant and only a 12.5% likelihood of a 25 basis point cut.