CME FedWatch: Markets Price in 99.2% Odds of No Fed Move in June

CME's FedWatch tool shows markets overwhelmingly expect the Federal Reserve to keep interest rates unchanged at the June meeting. The probability of no change stands at 99.2%, while the odds of a 25-basis-point cut are 0.8%. For July, FedWatch estimates a 95% chance rates remain on hold, alongside a 0.7% probability of a 25-basis-point cut and a 4.2% probability of a 25-basis-point hike.