Before the release of non-farm payroll data, the probability of the Federal Reserve maintaining interest rates unchanged in June is 97.4%
According to CME "FedWatch": The probability of the Federal Reserve keeping rates unchanged in June is 97.4%, and the probability of a 25 basis point rate cut is 2.6%. The probability of the Federal Reserve keeping rates unchanged by July is 69.2%, with a cumulative probability of a 25 basis point rate cut at 30.0%, and a cumulative probability of a 50 basis point rate cut at 0.8%.
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