[Before the release of PCE data, the probability of the Fed keeping interest rates unchanged in May is 94%] According to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged in May is 94%, and the probability of a 25 basis point rate cut is 6%. The probability of the Fed keeping interest rates unchanged by June is 32.9%, the probability of a cumulative 25 basis point rate cut is 63.2%, and the probability of a cumulative 50 basis point rate cut is 3.9%.
