Data compiled by Woofun AI from the CME FedWatch tool indicates that market participants assign a 98.5% probability to the Federal Reserve maintaining current interest rates through June. Conversely, the likelihood of a cumulative rate cut of 25 basis points during this period stands at a marginal 1.5%.

Looking ahead to July, the probability of the central bank keeping rates unchanged retreats to 91.3%.

Meanwhile, the market prices in a 7.4% chance of a cumulative rate increase of 25 basis points, while the probability of a 25 basis point cut remains low at 1.4%.