The probability that the Fed will leave interest rates unchanged in May is 91.8 per cent

According to the CME ‘Fed Watch’: the probability that the Fed will keep interest rates unchanged in May is 91.8%, and the probability of a 25 basis point cut is 8.2%. The probability that the Fed will keep interest rates unchanged until June is 21.2%, the probability of a cumulative 25 basis point cut is 72.5%, and the probability of a cumulative 50 basis point cut is 6.3%.