🔥 Fed Rate Decision: Markets Brace for Pivotal Shift

The CME's FedWatch tool reveals traders are placing near-certain bets (96.3%) on the Fed holding rates steady in May – but June could bring fireworks!

📊 Rate Probability Snapshot:

► May Meeting

• 96.3% ➝ No change (5.25%-5.50%)

• 3.7% ➝ 25bps cut

► June Meeting

• 22.1% ➝ Hold steady

• 75.0% ➝ 25bps cut

• 2.8% ➝ 50bps cut

💡 Why This Matters:

• Markets now pricing in 3-4 cuts in 2024

• June meeting emerges as key turning point

• Crypto and risk assets could see volatility surge

🔍 Smart Money Insight:

"These odds suggest traders see May as a holding pattern before potential June easing – exactly when Bitcoin's halving effects may start compounding."

Source: PANews via CME FedWatch

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