According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in May is 88.5%, and the probability of a 25 basis point cut is 11.5%. The probability that the Fed will keep interest rates unchanged in June is 34.3%, the probability of a cumulative 25 basis point cut is 58.7%, and the probability of a cumulative 50 basis point cut is 7.0%.