Just checked the CME FedWatch data and honestly the Fed rate picture for the next couple months is pretty clear cut. There's basically almost no chance they're hiking by 25 basis points in April - we're talking 1.6% probability. Everything else points to them just holding steady at 98.4%. So that's pretty much locked in at this point.

Looking ahead to June though, it's still mostly a hold scenario at 96.9%. The odds of a 25 basis points cut are minimal at 1.6%, and a 25 basis points hike is even less likely at 1.5%. So the market is basically pricing in rates staying flat through mid-year. Not much drama expected on the policy side.