Market is confident in interest rate freeze, CME FedWatch "U.S. Federal Reserve May interest rate freeze possibility 98.6%"

Prediction Of Rate Freeze Possibility By FedWatch (Source: FedWatch)

According To The Chicago Mercantile Exchange (CME)'s 'FedWatch' Tool, Traders See A 98.6% Probability That The Federal Reserve (Fed) Will Maintain The Current Federal Funds Rate (5.25~5.50%) At The May Federal Open Market Committee (FOMC). The Possibility Of A 0.25% Point Cut Is Only 1.4%. Essentially, The Market Has Come To Accept The Rate Freeze As A Foregone Conclusion. This Outlook Is Interpreted As A Result Of Traders' Strategy To Minimize Risk Considering The Fed's Price Stability Stance And The Current Economic Situation.