The probability that the Fed will keep interest rates unchanged in May is 89.9%

According to CME's "Fed Watch", the probability of the Fed keeping interest rates unchanged in May is 89.9%, and the probability of a cumulative 25 basis point cut in interest rates is 10.1%. The probability of the Fed keeping interest rates unchanged until June is 29.7%, the probability of a cumulative 25 basis point interest rate cut is 63.5%, and the probability of a cumulative 50 basis point interest rate cut is 6.8%.