According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in June is 82.7%, and the probability of a 25 basis point cut is 17.3%. The probability that the Fed will keep interest rates unchanged in July is 40.8%, the probability of a cumulative 25 basis point cut is 50.7%, and the probability of a cumulative 50 basis point cut is 8.7%.
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