With the Federal Reserve's May meeting approaching, the probability of a 25 basis point rate cut is only 2.7%

ChainCatcher news, according to CME's "FedWatch" data, there are 1 day and 17 hours left until the next FOMC meeting, with a probability of only 2.7% for a 25 basis point rate cut in May, while the probability of keeping the rate unchanged is 97.3%.

The probability of the Federal Reserve keeping the rate unchanged until June is 69.8%, the probability of a cumulative 25 basis point rate cut is 29.4%, and the probability of a cumulative 50 basis point rate cut is 0.8%.