99.2% probability that the Fed will leave interest rates unchanged in June

According to the CME "Fed Watch", the probability of the Federal Reserve to keep interest rates unchanged in June is 99.2%, the probability of raising interest rates by 25 basis points is 0.8%. The probability that the Federal Reserve will keep interest rates unchanged in August is 90.0%, the probability of a cumulative 25 basis point rate cut is 9.2%, and the probability of a cumulative 25 basis point rate hike is 0.7%.