According to Jinshi, CME's "Fed Watch" data shows that the probability of the Fed keeping interest rates unchanged in June is 91.2%, and the probability of a 25 basis point rate cut is 8.8%. At the same time, the probability of the Fed keeping interest rates unchanged by August is 69.5%, the probability of a cumulative 25 basis point rate cut is 28.4%, and the probability of a cumulative 50 basis point rate cut is 2.1%.