The probability that the Fed will keep interest rates unchanged in May is 89.9%

According to the "Fed Watch" by CME, the probability of the Fed keeping interest rates unchanged in May is 89.9%, while the probability of a cumulative 25 basis point rate cut is 10.1%. The probability of the Fed keeping interest rates unchanged in June is 29.7%, while the probability of a cumulative 25 basis point rate cut is 63.5%, and the probability of a cumulative 50 basis point rate cut is 6.8%.