The probability of the Federal Reserve maintaining interest rates unchanged in May has risen to 99%
According to Golden Finance, as reported by CME's "FedWatch": The probability of the Fed maintaining interest rates in May is 99% (up from 97.5% before data release), with a 1% probability of a 25 basis point rate cut. The probability of the Fed keeping interest rates unchanged in June is 89.7%, with a cumulative probability of a 25 basis point rate cut at 9.4%, and a cumulative probability of a 25 basis point rate hike at 0.9%.
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