โšกBreaking : Federal Reserve's May Interest Rates!๐Ÿ’ฅ

The Federal Reserve's May interest rate decision is likely to remain unchanged, with the CME's "FedWatch" tool indicating a 91.7% to 94.3% probability of no change in rates. There's a smaller chance of a 25 basis point rate cut, ranging from 5.7% to 8.3% probability.

Looking ahead to June, the likelihood of rates remaining unchanged is between 32.8% and 35.9%, while the probability of a cumulative 25 basis point cut is between 60.5% and 61.8%. There's also a smaller chance of a cumulative 50 basis point reduction, with probabilities ranging from 3.6% to 5.3% .

*Current Market Trends:*

- *S&P 500 Index*: Down 0.91% with a current price of 5512.50

- *Nasdaq Index*: Down 0.99% with a current price of 19330.60

- *US Dollar Index*: Trading flat against major currencies after US GDP contraction sparked recession fears .

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