According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in June is 95.3%, and the probability of a 25 basis point cut is 4.7%. The probability that the Fed will keep interest rates unchanged in July is 75.6%, the probability of a cumulative 25 basis point cut is 23.4%, and the probability of a cumulative 50 basis point cut is 1.0%.
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