According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in June is 99.4%, and the probability of cutting interest rates by 25 basis points is 0.6%. The probability that the Fed will keep interest rates unchanged in August is 91.1%, the probability of a cumulative rate cut of 25 basis points is 8.8%, and the probability of a cumulative rate cut of 50 basis points is 0.1%.