According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in May is 83.5%, and the probability of a 25 basis point cut is 16.5%. The probability that the Fed will keep interest rates unchanged in June is 25.1%, the probability of a cumulative 25 basis point cut is 63.4%, and the probability of a cumulative 50 basis point cut is 11.6%.