Fed Set to Hold Rates Steady with 99.4% Probability on June 17

According to CME FedWatch data, the probability that the Federal Reserve will maintain interest rates unchanged on June 17 stands at 99.4%, with only a 0.6% chance of a 25 basis point rate hike. The FOMC will announce its interest rate decision and economic projections at 2:00 UTC on Thursday, followed by a monetary policy press conference by Fed Chair Jerome Powell at 2:30 UTC.
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