There's a 94 Percent Chance of a Rate Hike on May 3, Then What?

A hike on May 2 is a given. The market perceives a 30.1 percent chance of a one more hike in June.
The light green bars show the panic around the bank failures in May. The market has since put more rate hikes back on the table as noted by the bars for April 11 and May 2.