The probability of the Fed raising interest rates in June is like a “coin flip”

According to CME “Fed Watch”: the probability that the Fed will keep interest rates unchanged in June is 50.6%, and the probability of raising interest rates by 25 basis points to the range of 5.00%-5.25% is 49.4%; the probability of maintaining interest rates at the current level by July is 25.5% %, the probability of a cumulative rate hike of 25 basis points is 50.0%, and the probability of a cumulative rate hike of 50 basis points is 24.5%.