On June 3, according to CME's "FedWatch", the probability of the Federal Reserve maintaining interest rates unchanged in June is 98.3% (down from 98.4% before the data release), while the probability of a cumulative rate cut of 25 basis points is 1.7%. The probability of the Fed holding rates steady until July is 88%, with a cumulative rate hike of 25 basis points at 10.5%, and a cumulative rate cut of 25 basis points at 1.5%.
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