📉 According to CME FedWatch:
🗓 17 days until the next FOMC meeting, and here’s what the market expects:
🔹 Only 4.6% chance of a 25bps rate cut in June
🔹 95.4% chance rates stay unchanged
Looking ahead to July:
🔸 Hold steady: 73.7%
🔸 25bps cut: 25.2%
🔸 50bps cut: 1%
💡 Takeaway: Rate cuts seem unlikely in the short term — markets may need to recalibrate expectations.