The probability of the Federal Reserve keeping rates unchanged in June is 99.9%

According to CME "FedWatch": The probability of the Federal Reserve keeping rates unchanged in June is 99.9%, with a 0.1% probability of a 25 basis point rate cut. The probability of the Federal Reserve keeping rates unchanged in July is 85.5%, with a cumulative probability of a 25 basis point rate cut at 14.5%.