Federal Reserve's May Rate Decision: High Probability of No Change

According to PANews, the CME's "FedWatch" tool indicates a 91.7% probability that the Federal Reserve will maintain its current interest rates in May. There is an 8.3% chance of a 25 basis point rate cut. Looking ahead to June, the likelihood of rates remaining unchanged stands at 32.8%, while the probability of a cumulative 25 basis point cut is 61.8%. Additionally, there is a 5.3% chance of a cumulative 50 basis point reduction.