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According to CME's "Fed Watch": The probability of the Fed maintaining interest rates in June is 98.6% (down from 98.8% before the decision), and the probability of a cumulative 25 basis point rate cut is 1.4% (up from 1.2% before the decision). The probability of the Fed maintaining interest rates in July is 96.5% (up from 94.6% before the decision), and the probability of a cumulative 25 basis point rate cut is 3.4% (down from 5.4% before the decision). The probability of the Fed maintaining interest rates in September is 96.1% (up from 92.7% before the decision), and the probability of a cumulative 25 basis point rate cut is 3.8% (down from 7.2% before the decision).
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