After the release of the CPI data, the probability that the Federal Reserve will maintain interest rates unchanged in June is 96.3%.
According to CME's "FedWatch": The probability of the Fed keeping interest rates unchanged until June is 96.3%, with a 3.7% probability of a cumulative 25 basis point rate cut. The probability of the Fed keeping interest rates unchanged until July is 86.4%, with a 10.3% probability of a cumulative 25 basis point rate hike, and a 3.3% probability of a cumulative 25 basis point rate cut.
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