The probability of the Federal Reserve keeping interest rates unchanged in June and July is 99%

According to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve keeping interest rates unchanged until June is 99%, while the probability of a cumulative rate cut of 25 basis points is 1%. Similarly, the probability of the Federal Reserve keeping interest rates unchanged until July is also 99%, with a cumulative rate cut of 25 basis points having a probability of 1%.