According to CME "Fed Watch" on PANews May 19th: The probability of the Federal Reserve maintaining interest rates unchanged in June is 91.4%, and the probability of a 25 basis point rate cut is 8.6%. The probability of maintaining interest rates unchanged in July is 66.9%, with a 30.8% probability of a cumulative 25 basis point rate cut, and a 2.3% probability of a cumulative 50 basis point rate cut.
