The probability of the Federal Reserve cutting interest rates by 25 basis points in May is 57%.

According to CME "Fed Watch": The probability that the Fed will keep interest rates unchanged in May is 43%, and the probability of a 25 basis point cut is 57%. The probability that the Fed will keep interest rates unchanged in June is 20.4, the probability of a cumulative 25 basis point cut is 49.7%, and the probability of a cumulative 50 basis point cut is 29.9%. (Jin Ten)