The probability of the Federal Reserve maintaining interest rates unchanged in May is 98.7%

According to CME's Federal Reserve Watch, the probability of the Federal Reserve maintaining interest rates unchanged in May is 98.7%, and the probability of a cumulative 25 basis point rate cut is 1.3%. The probability of the Federal Reserve maintaining interest rates unchanged until June is 37.7%, the probability of a cumulative 25 basis point rate cut is 61.5%, and the probability of a cumulative 50 basis point rate cut is 0.8%.