96% probability that the Fed will leave rates unchanged in May

According to the CME "Fed Watch", the probability of the Federal Reserve to keep interest rates unchanged in May is 96%, the probability of a 25 basis point cut is 4%. The probability that the Fed will keep interest rates unchanged in June is 83.1%, and the probability of a cumulative interest rate cut is 83.1% The probability of a 25 basis point cut is 16.4%, and the probability of a cumulative interest rate cut of 50 basis points is 0.5%.