The Federal Reserve will announce its interest rate decision tonight, and the probability of a May rate cut is only 4.4%

BlockBeats News: On May 7th, according to data from CME's "Federal Reserve Watch", the Federal Reserve will announce its interest rate decision tonight (2:00 am Beijing time on May 8th). The probability of a 25 basis point rate cut in May is 4.4%, and the probability of keeping interest rates unchanged is 95.6%. The probability of the Federal Reserve keeping interest rates unchanged until June is 70.3%, the probability of a cumulative 25 basis point rate cut is 28.5%, and the probability of a cumulative 50 basis point rate cut is 1.2%.