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According to CME's "Federal Reserve Watch", the probability of the Federal Reserve keeping interest rates unchanged in June is 97.7%, and the probability of cutting interest rates by 25 basis points is 2.3%. The probability of keeping interest rates unchanged in July is 94.6%, the probability of cutting interest rates by 25 basis points is 5.4%, and the probability of cutting interest rates by 50 basis points is 0.1%.