Fed Likely to Maintain Rates, Small Chance of Cuts by June and July
April 17 news, according to CME "Fed Watch": The probability of the Fed raising interest rates by 25 basis points in April is 0.5%, and the probability of maintaining the interest rate unchanged is 99.5% (unchanged from this morning). The probability that the Fed will cut interest rates by 25 basis points by June is 7.1%, the probability that the interest rate will remain unchanged is 92.4%, and the probability that the interest rates will increase by 25 basis point is 0.5% (1.4%, 98%, and 0.5% respectively this morning). The probability that the Fed will cut interest rates by 25 basis points by July is 18.1%, the probability that the interest rate will remain unchanged is 80.6%, and the probability that the interest rates will increase by 25 basis point is 0.4% (9.7%, 89.7%, and 0.5% resp