According to CME Fed Watch Tool, the probability of the US Fed maintaining interest rates unchanged in June is 93.9%, that of a 25-basis-point hike is 6.1%, that of maintaining rates at the current level in July is 54.7%, that of lowering interest rates by 25 basis points is 41.9%, and that of an accumulative rate hike by 25 basis points is 3.4%.
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