There is a 97.6% probability that the Federal Reserve will keep interest rates unchanged in June

According to CME "FedWatch": there is a 97.6% probability that the Federal Reserve will keep interest rates unchanged in June, and a 2.4% probability of a 25 basis point rate cut. For July, there is an 80.5% probability that rates will remain unchanged, a 19.1% probability of a cumulative 25 basis point rate cut, and a 0.4% probability of a cumulative 50 basis point rate cut.