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Fed Seen Holding Rates Steady in April; FedWatch Puts Odds at 98.4%

Odaily Planet Daily reports that CME's FedWatch tool shows markets pricing in a 98.4% chance the Federal Reserve leaves interest rates unchanged at its April meeting, versus a 1.6% probability of a 25-basis-point hike. Looking ahead to June, FedWatch indicates a 0% chance of cumulative 25-basis-point cuts, a 98% probability rates remain unchanged, and a 2% chance of a cumulative 25-basis-point increase.
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