98.9% probability that the Fed will leave interest rates unchanged in June
According to CME's Fed Watch, the probability of the Fed keeping rates unchanged in June is 98.9%, and the probability of a 25 basis point rate hike is 1.1%. The probability that the Fed will leave rates unchanged through August is 86.8%, with a 12.3% probability of a cumulative 25 basis point hike and a 1.0% probability of a cumulative 25 basis point hike.
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