According to CME "Fed Watch": The probability that the Fed will keep interest rates unchanged in May is 87.8%, and the probability of a 25 basis point cut is 12.2%. The probability that the Fed will keep interest rates unchanged in June is 18.1%, the probability of a cumulative 25 basis point cut is 72.2%, and the probability of a cumulative 50 basis point cut is 9.7%. (Jin Ten)