The probability of the Federal Reserve keeping interest rates unchanged in June reaches 98.5%

CME's "Fed Observation" shows that the probability of the Fed leaving interest rates unchanged in June is 98.5%, and the probability of a cumulative interest rate cut by 25 basis points is 1.5%. By July, the probability of keeping interest rates unchanged is 91.3%, the probability of a cumulative interest rate increase of 25 basis points is 7.4%, and the probability of a cumulative interest rate cut of 25 basis points is 1.4%.