ChainCatcher report, according to CNBC, CME's "FedWatch" tool shows a 1.6% probability of the Fed raising rates by 25 basis points in April, with a 98.4% probability of holding rates steady. By June, the probability of a cumulative 25-basis-point cut has dropped to 0%, the probability of holding rates steady is 98.2%, and the probability of a cumulative 25-basis-point hike is 1.8%.
Fed likely to hold interest rates steady in April at 98.4%
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Summary
Interest rates are expected to remain unchanged in April, with the CME FedWatch tool indicating a 98.4% probability of no rate action. The likelihood of a 25-basis-point hike is 1.6%. By June, the probability of a rate cut falls to 0%, while funding rates remain stable in 98.2% of scenarios. A 25-basis-point increase is projected in 1.8% of outcomes.
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