The probability of the Federal Reserve maintaining the same interest rate in May is 97.4%

According to CME's "Fed Watch", the probability of the Federal Reserve keeping interest rates unchanged in May is 97.4%, and the cumulative probability of a 25 basis point rate cut is 2.6%. The probability of the Fed maintaining unchanged rates until June is 42.2%, with a cumulative chance of a 25 basis point cut at 56.3% and a cumulative chance for a 50 basis point cut at 1.5%.