The probability of the Federal Reserve keeping interest rates unchanged in May has risen to 99.4%, up from 95.3% before the non-farm payroll report

ChainCatcher news, according to CME's "FedWatch": The probability of the Federal Reserve keeping interest rates unchanged in May is 99.4% (up from 95.3% before the non-farm payroll data release), and the probability of a 25 basis point rate cut is 0.6%.

The probability of the Federal Reserve maintaining interest rates unchanged until June is 53.8%, the cumulative probability of a 25 basis point rate cut is 45.9%, and the cumulative probability of a 50 basis point rate cut is 0.3%.

Lindsay Rosner, Head of Multi-Sector Fixed Income Investments at Goldman Sachs Asset Management, stated that at this moment, robust labor market data provides the Federal Reserve with the space for patience. However, as the forward-looking outlook deteriorates, today's data feels somewhat retrospective, and the risk of economic weakness potentially leading the Federal Reserve to resume its easing cycle later this year still exists.