CME FedWatch: Markets price a 98.4% chance the Fed keeps rates unchanged in April

CME's FedWatch tool shows markets assigning a 98.4% probability that the Federal Reserve will leave rates unchanged at its April meeting, versus a 1.6% chance of a 25-basis-point hike, CNBC reported via ChainCatcher. Looking to June, FedWatch indicates a 3.9% probability of a cumulative 25-basis-point cut, a 94.6% probability of no change, and a 1.5% probability of a cumulative 25-basis-point increase.