The probability of the Federal Reserve leaving interest rates unchanged in June is 98.6% and the probability of interest rate cuts is only 1.4%

CME's "Fed Observation" shows that the probability of the Fed leaving interest rates unchanged until June is 98.6%(98.8% before the resolution), and the probability of a cumulative interest rate cut by 25 basis points is 1.4%(1.2% before the resolution). The probability of keeping interest rates unchanged by July is 96.5%(94.6% before the resolution), and the probability of a rate cut is 3.4%(5.4% before the resolution). The probability of keeping interest rates unchanged by September is 96.1%(92.7% before the resolution), and the probability of interest rate cuts is 3.8%(7.2% before the resolution).