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According to CME's "FedWatch", the probability of the Federal Reserve keeping interest rates unchanged until June is 98.6%, with a 1.4% chance of a cumulative 25 basis point rate cut. The probability of the Federal Reserve maintaining interest rates unchanged until July is 92.4%, with a 6.3% chance of a cumulative 25 basis point rate hike and a 1.3% chance of a cumulative 25 basis point rate cut.
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