According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in June is 94.6%, and the probability of a 25 basis point cut is 5.4%. The probability that the Fed will keep interest rates unchanged in July is 73.1%, the probability of a cumulative 25 basis point cut is 25.7%, and the probability of a cumulative 50 basis point cut is 1.2%.
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