CME Federal Reserve Watch: The probability of maintaining the interest rate in May is 84.3%, and the probability of a rate cut in June has increased

CME Federal Reserve observation data shows that the probability of the Federal Reserve keeping interest rates unchanged in May is 84.3%, and the cumulative probability of a rate cut by 25 basis points is 15.7%. The likelihood of the Fed maintaining steady rates until June is at 26.0%, with a cumulative chance of a rate cut by 25 basis points at 63.2% and a reduction by 50 basis points at 10.9%.