Federal Reserve's June Rate Decision Likely to Hold Steady

According to Odaily, the CME's "FedWatch" tool indicates a 99.9% probability that the Federal Reserve will maintain its current interest rates in June, with only a 0.1% chance of a 25 basis point cut. For July, the likelihood of rates remaining unchanged is 85.5%, while the probability of a cumulative 25 basis point reduction stands at 14.5%.