The probability that the Fed will keep interest rates unchanged in June is 92.8%

On May 2, according to CME's "Federal Reserve Observation": The probability that the Fed will keep interest rates unchanged until June is 92.8%, and the probability of a cumulative interest rate cut by 25 basis points is 7.2%. The probability that the Fed will keep interest rates unchanged until July is 88.8%, the probability of a cumulative interest rate cut by 25 basis points is 10.9%, and the probability of a cumulative interest rate cut by 50 basis points is 0.3%.