The odds of a Fed hike after retail sales and CPI

Via the CME’s Fedwatch tool
– The chance of a June hike is at 74%, which is down from 88% yesterday
– The chance of two more hikes this year is at 48% compared to 58% yesterday
Meanwhile, Bloomberg’s implied probability tool puts a June hike at 97.5% and at least two hikes before year-end at 57% from 61% yesterday.