According to Jinshi, CME's "Fed Watch" data shows that the probability of the Fed keeping interest rates unchanged in June is 91.1%, and the probability of a 25 basis point rate cut is 8.9%. At the same time, the probability of the Fed keeping interest rates unchanged by August is 70.4%, the probability of a cumulative 25 basis point rate cut is 27.6%, and the probability of a cumulative 50 basis point rate cut is 2.0%.