According to the 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 35.6%, the probability of a cumulative 25 basis point cut is 57.1%, and the probability of a cumulative 50 basis point cut is 7.3%.