The probability that the Fed will keep interest rates unchanged in May and June is 98.7% and 37.7% respectively

According to Jinshi, CME’s “Fed Watch” data shows that the probability of the Federal Reserve keeping interest rates unchanged in May is 98.7%, and the probability of a cumulative 25 basis point interest rate cut is 1.3%. By June, the probability of the Fed keeping interest rates unchanged is 37.7%, the probability of a cumulative 25 basis point interest rate cut is 61.5%, and the probability of a cumulative 50 basis point interest rate cut is 0.8%.