CME FedWatch: Fed Rate Hike Odds Drop to 59.4%

BlockBeats News, June 13, according to CME's "FedWatch" data, the probability of the Fed keeping interest rates unchanged until December is 39.6%, with only a 1% probability of a cumulative 25 basis point rate cut.

The probability of a Fed rate hike during the year has fallen to 59.4%, with a 42.3% probability of a cumulative 25 basis point rate hike, a 14.9% probability of a cumulative 50 basis point rate hike, a 2.1% probability of a cumulative 75 basis point rate hike, and a 0.1% probability of a cumulative 100 basis point rate hike.