CME: The probability of the Fed keeping interest rates unchanged in May is 96.5%, and the probability of cutting interest rates by 25 basis points in June is 56.4%

According to Jinshi, CME’s “Fed Watch” data shows that the probability of the Federal Reserve keeping interest rates unchanged in May is 96.5%, and the probability of a cumulative 25 basis point interest rate cut is 3.5%. The probability of the Fed keeping interest rates unchanged until June is 41.6%, the probability of a cumulative 25 basis point interest rate cut is 56.4%, and the probability of a cumulative 50 basis point interest rate cut is 2.0%.