According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in May is 90.3%, and the probability of a 25 basis point cut is 9.7%. The probability that the Fed will keep interest rates unchanged in June is 35.5%, the probability of a cumulative 25 basis point cut is 58.6%, and the probability of a cumulative 50 basis point cut is 5.9%.
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