84.3% chance the Fed will stay on hold in June

May 22, according to CME “Fed Watch”: The probability that the Fed will keep interest rates unchanged in June is 84.3%, and the probability of raising interest rates by 25 basis points is 15.7%; the probability of maintaining interest rates at the current level by July is 79.1% , the probability of a cumulative rate hike of 25 basis points is 19.9%, and the probability of a cumulative rate hike of 50 basis points is 1.0.