The probability that the Fed will keep interest rates unchanged in May is 73.4%

According to the CME ‘Fed Watch’: the probability that the Fed will keep interest rates unchanged in May is 73.4%, and the probability of a 25 basis point cut is 26.6%. The probability that the Fed will keep interest rates unchanged in June is 13.9%, the probability of a cumulative 25 basis point cut is 64.6%, and the probability of a cumulative 50 basis point cut is 21.5%.