According to Jinshi, CME's "Fed Watch" data shows that the probability of the Fed keeping interest rates unchanged in June is 91.5%, and the probability of a 25 basis point rate cut is 8.5%. At the same time, the probability of the Fed keeping interest rates unchanged in August is 66.9%, the probability of a cumulative 25 basis point rate cut is 30.8%, and the probability of a cumulative 50 basis point rate cut is 2.3%.