The probability of the Federal Reserve maintaining the interest rate unchanged this week is 99.4%

According to CME "Fed Watch": The probability of the Federal Reserve keeping interest rates unchanged in June is 99.4%, and the probability of a 25 basis point cut is 0.6%. The likelihood of the Fed maintaining steady rates until August is 91.1%, with an accumulated chance of a 25 basis point reduction at 8.8% and a cumulative possibility for a 50 basis point cut at just 0.1%.