According to CME “Fed Watch”: there is a 99% probability that the Federal Reserve will keep rates unchanged in June, and a 1% probability of a cumulative 25 basis point rate cut.
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The probability that the Federal Reserve will keep rates unchanged until July is 99%, while the probability of a cumulative rate cut of 25 basis points is 1%. The probability that the Federal Reserve will keep rates unchanged until September is 98.8%, while the probability of a cumulative rate cut of 25 basis points is 1.2%.
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