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TechFlow news, according to CME's "Fed Watch," the probability of the Federal Reserve holding rates steady in May is 99.7% (up from 98.4% before the data release), while the chance of a 25 basis point rate hike is 0.3%. By June, the probability of holding rates steady is 86% (up from 79.9% before the data release), with a 13.8% chance of a cumulative 25 basis point rate cut and a 0.2% chance of a cumulative 25 basis point rate hike.
According to CME's FedWatch, the probability of the Federal Reserve holding rates steady in May is 99.7% (up from 98.4% before the data release), while the chance of a 25 basis point rate hike is 0.3%. By June, the probability of maintaining current rates is 86% (up from 79.9% prior to the data), with a 13.8% chance of cumulative 25 basis point rate cuts and a 0.2% chance of cumulative 25 basis point rate hikes.
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