CME FedWatch data showed a 2.6% chance of a 25-basis-point rate cut, underscoring market expectations that the Federal Reserve will leave policy unchanged this month.
Markets are pricing in a 97.4% probability that the Federal Reserve will keep interest rates unchanged in June, while the chance of a 25-basis-point cut stands at 2.6%, based on CME FedWatch data. The reading reflects futures-based expectations for the Fed’s near-term policy decision and suggests traders overwhelmingly expect no move at the June meeting.