According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in May is 81.4%, and the probability of a 25 basis point cut is 18.6%. The probability that the Fed will keep interest rates unchanged in June is 27.6%, the probability of a cumulative 25 basis point cut is 60.1%, and the probability of a cumulative 50 basis point cut is 12.3%.
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