Market bets on Fed rate cuts have only changed slightly

Jinse Finance reported that the Federal Reserve kept rates unchanged as expected. After the decision was announced, interest rate futures contracts showed a 28% probability of a rate cut in April (which would be the last meeting during Powell's current term as Fed Chair), slightly down from before; the probability of a rate cut in June rose to 64%, an increase from previous levels, and there is a strong likelihood of a second rate cut later this year.