Federal Reserve's June Rate Decision Likely to Hold Steady

According to Odaily, the CME's 'FedWatch' tool indicates a 99.8% probability that the Federal Reserve will maintain its current interest rates in June, with only a 0.2% chance of a 25 basis point cut. For July, there is an 87.5% likelihood that rates will remain unchanged, while the probability of a cumulative 25 basis point cut stands at 12.5%.