CME: The probability of the Fed cutting interest rates in May is 4.2%, and the probability of cumulative interest rate cuts in June is 61%

According to JIN10 , CME's "Fed Watch" data shows that the probability of the Fed keeping interest rates unchanged in the range of 5.25%-5.50% in May is 95.8%, and the probability of cutting interest rates by 25 basis points is 4.2%. The probability of keeping interest rates unchanged by June is 36.4%, the probability of a cumulative 25 basis point interest rate cut is 61%, and the probability of a cumulative 50 basis point interest rate cut is 2.6%.