The probability that the Fed will keep interest rates unchanged in June is 99.2%

On May 16, according to CME's "Federal Reserve Observation": The probability that the Fed will keep interest rates unchanged until June is 99.2%, and the probability of a cumulative interest rate cut by 25 basis points is 0.8%. The probability that the Fed will keep interest rates unchanged until July is 95%, the probability of a cumulative interest rate cut by 25 basis points is 0.7%, and the probability of a cumulative interest rate increase by 25 basis points is 4.2%.