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CME FedWatch: Fed Rate Hike Probability Reaches 69%

BlockBeats News, June 11, according to CME's "FedWatch" data, the Fed's probability of a rate hike within the year is 69%. The probabilities are as follows: a 25 basis point hike is 43.4%, a 50 basis point hike is 21.2%, a 75 basis point hike is 4.1%, and a 100 basis point hike is 0.3%.

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The Federal Reserve announced a 25 basis point increase in the benchmark interest rate to a range of 4.75% to 5.00%.
Powell believes that political pressure is not a threat, and what truly determines the Fed's independence is the Fed itself.
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