The probability of the Fed keeping rates unchanged in May is 86.3%

According to CME "FedWatch": The probability of the Fed keeping rates unchanged in May is 86.3%, while the probability of a 25 basis point rate cut is 13.7%. By June, the probability of the Fed keeping rates unchanged is 38.2%, with a cumulative probability of a 25 basis point rate cut at 54.1% and a cumulative probability of a 50 basis point rate cut at 7.6%.