CME Fed Watch: 98.5% probability of keeping rates unchanged in May, 66.8% probability of rate cut in June

CME Fed Watch data show that the probability of the Fed keeping interest rates unchanged in May is 98.5%, and the cumulative probability of a 25 basis point rate cut is 1.5%. The probability that the Fed will leave rates unchanged for June is 32.7%, and the cumulative probability of a 25 basis point rate cut is 1.5%. The probability of a 25 basis point rate cut is 66.8% and the cumulative probability of a 25 basis point rate hike is 0.5%.