CME FedWatch: Markets See 99% Odds of Fed Holding Rates Steady in June

CME's FedWatch tool shows markets overwhelmingly expect the Federal Reserve to leave interest rates unchanged at its June meeting, with the probability at 99%. Traders assign a 1% chance to a 25-basis-point cut. For July, FedWatch indicates an 84.4% likelihood of no change. The odds of a 25-basis-point cut stand at 0.8%, while a 25-basis-point hike is priced in at 14.8%.