The probability of the Federal Reserve keeping rates unchanged in May is 97.3%

According to CME "FedWatch": The probability of the Federal Reserve keeping rates unchanged in May is 97.3%, and the probability of a 25 basis point rate cut is 2.7%. The probability of the Federal Reserve keeping rates unchanged until June is 69.8%, the cumulative probability of a 25 basis point rate cut is 29.4%, and the cumulative probability of a 50 basis point rate cut is 0.8%.