According to CME's "Federal Reserve Watch", the probability of the Federal Reserve keeping interest rates unchanged in June is 91.4%, and the probability of cutting interest rates by 25 basis points is 8.6%. The probability of the Federal Reserve keeping interest rates unchanged in July is 66.9%, the probability of a cumulative 25 basis point rate cut is 30.8%, and the probability of a cumulative 50 basis point rate cut is 2.3%.
