The probability that the Fed will keep interest rates unchanged in May and June is 93.3% and 50.9% respectively.

According to Jinshi, CME's "Fed Watch" data shows that the probability of the Fed keeping interest rates unchanged in May is 93.3%, and the probability of a cumulative 25 basis point rate cut is 6.7%. By June, the probability of the Fed keeping interest rates unchanged is 50.9%, the probability of a cumulative 25 basis point rate cut is 46.1%, and the probability of a cumulative 50 basis point rate cut is 3.1%.