Fed Seen Holding Rates in April with 99.5% Odds, CME FedWatch Shows

Odaily Planet Daily cited CME's FedWatch tool as showing markets overwhelmingly expect the Federal Reserve to keep interest rates unchanged at its April meeting. FedWatch assigns a 0.5% probability to a 25-basis-point hike and a 99.5% probability to no change. Looking to June, FedWatch pricing implies a 9.4% chance of a cumulative 25-basis-point rate cut, a 90.1% chance rates remain unchanged, and a 0.5% chance of a cumulative 25-basis-point increase.