According to CME's Fed Watch on June 12, the Federal Reserve has a 98.5% probability of keeping interest rates unchanged at its June meeting, with a 1.5% chance of a 25 basis point rate cut. For July, the probability of maintaining rates stands at 91.3%, with a 7.4% probability of a 25 basis point rate hike and a 1.4% probability of a rate cut.
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