CME FedWatch: Markets Price in 95% Odds the Fed Holds Rates in June

CME's FedWatch tool indicates markets see a 95% likelihood the Federal Reserve keeps interest rates unchanged through June, with a 5% chance of a 25 basis point cut. Looking through July, the implied probability of no change stands at 87.9%, while a 25 basis point cut is priced at 11.7% and a 50 basis point cut at 0.4%.