BlockBeats News, May 29th, according to CME FedWatch Tool data, market expectations for a rate cut this year have been mostly erased, with an increasing likelihood of a rate hike, including a possibility of a 75 basis point hike. Currently, the probability of the Fed maintaining the interest rate unchanged throughout 2026 is 51.9%, with only a 0.5% chance of a cumulative 25 basis point rate cut for the year. The probability of a cumulative 25 basis point rate hike is 37.3%, a 50 basis point hike is 9.3%, and a 75 basis point hike is 1%.

Furthermore, the probability of a 25 basis point rate cut at the Fed's next meeting in June is 1.1%.