CME FedWatch Prices in Near-Certain Fed Hold for June

CME's FedWatch tool shows markets assigning a 97% chance that the Federal Reserve keeps interest rates unchanged through June, with a 3% probability of a 25 basis point cut. Looking through July, the odds of rates staying on hold are 81.9%. A 25 basis point hike is priced at 15.5%, while a 25 basis point cut stands at 2.5%.