CME FedWatch: Market Prices in No April Hike; 1.7% Odds of a June Cut

CME's FedWatch tool, cited by CNBC and reported by ChainCatcher, shows markets assigning a 0% probability that the Federal Reserve will raise rates by 25 basis points at its April meeting, and a 100% probability it will keep rates unchanged. By June, the odds of a cumulative 25-basis-point cut stand at 1.7%, versus 98.3% for no change.