There is a 96.9% probability that the Federal Reserve will keep interest rates unchanged in June

According to CME "FedWatch": There is a 96.9% probability that the Federal Reserve will keep interest rates unchanged in June, and a 3.1% probability of a 25 basis point rate cut. For July, there is a 77.9% probability that rates will remain unchanged, a 21.5% probability of a cumulative 25 basis point rate cut, and a 0.6% probability of a cumulative 50 basis point rate cut.