The probability that the Fed will keep interest rates unchanged in April is 99.5%

On April 17, according to CME's "Federal Reserve Observation": The probability of the Federal Reserve raising interest rates by 25 basis points in April is 0.5%, and the probability of keeping interest rates unchanged is 99.5%. The probability that the Fed will cut interest rates by a cumulative 25 basis points by June is 1.4%, the probability of keeping interest rates unchanged is 98%, and the probability of raising interest rates by a cumulative 25 basis points is 0.5%.