[Ahead of the Fed's Interest Rate Decision: 99.6% Probability of Maintaining Rates at This Meeting] According to CME's "FedWatch": The probability of the Fed maintaining interest rates at this meeting is 99.6%, with a 0.4% probability of a cumulative 25 basis point rate hike. The probability of the Fed maintaining rates by July is 91.0%, with an 8.9% probability of a cumulative 25 basis point rate hike.
The probability of the Fed maintaining rates by December is 38.2%, with a 43.0% probability of a cumulative 25 basis point rate hike, a 16.2% probability of a cumulative 50 basis point rate hike, a 2.4% probability of a cumulative 75 basis point rate hike, and a 0.1% probability of a cumulative 100 basis point rate hike.
