The chart displays the target rate probabilities for the 18 June 2025 Fed Meeting. The current target rate is 425-450, with a 99.9% probability of remaining within this range and a 0.1% probability of increasing to 450-475.
The chart suggests that the market is highly confident (99.9%) that the Federal Reserve will maintain the current target rate of 425-450 during the June 18, 2025 meeting. There is only a 0.1% chance of a rate hike to 450-475.
The statement "CHANCE OF RATE CUT IN JUNE JUST HIT 99.9% !!! 🇺🇸 FED WILL PUMP THE MARKETS 🚀" is not supported by the chart, as it actually indicates a high probability of maintaining the current rate, not cutting it. A rate cut would involve decreasing the target rate, which is not represented in the chart. The chart only shows the probability of maintaining or increasing the current rate.