The probability of the Federal Reserve keeping interest rates unchanged in June is 99%, while the probability of a rate cut is only 1%

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%. The probability of keeping interest rates unchanged until July is also 99%, with a rate cut probability of 1%. The probability of keeping interest rates unchanged until September is 98.8%, with a rate cut probability of 1.2%.