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The probability that the Federal Reserve will maintain interest rates unchanged

According to the CME "Fed Watch", the probability that the Fed will maintain interest rates unchanged in June is 97.3%, and the probability of reducing interest rates by 25 basis points is 2.7%; the probability of maintaining interest rates unchanged in July is 85.3%, the probability of reducing interest rates by 25 basis points is 14.4%, and the probability of reducing interest rates by 50 basis points is 0.3%.