CME Fed Watch: The probability of the Fed keeping interest rates unchanged in May rises to 98.3%

According to CME's "Fed Watch" data, the probability of the Fed keeping interest rates unchanged in May has risen to 98.3%, and the probability of the Fed keeping interest rates unchanged in June has risen to 72.3%. The probability of a cumulative interest rate cut of 25 basis points is 27.3%, and the probability of a cumulative interest rate cut of 50 basis points is 0.5%.