89.9% probability that the Fed will leave rates unchanged in May

According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in May is 89.9%, and the probability of a cumulative 25 basis point rate cut is 10.1%. The probability that the Fed will keep interest rates unchanged in June is 29.7%, the probability of a cumulative interest rate cut of 25 basis points is 63.5%, and the probability of a cumulative interest rate cut of 50 basis points is 6.8%.