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According to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged until June is 92.8%, with a 7.2% probability of a cumulative rate cut of 25 basis points. The probability of the Fed keeping interest rates unchanged until July is 88.8%, with a 10.9% probability of a cumulative rate cut of 25 basis points and a 0.3% probability of a cumulative rate cut of 50 basis points. The probability of the Fed keeping interest rates unchanged until September is 83.0%, with a 16.0% probability of a cumulative rate cut of 25 basis points and a 1.0% probability of a cumulative rate cut of 50 basis points.
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