CME data shows that the probability of the Federal Reserve keeping interest rates unchanged in June and July is extremely high

According to CME's "Federal Reserve Watch", the probability of the Federal Reserve keeping interest rates unchanged in June is 98.5%, and the probability of a cumulative 25 basis point rate cut is 1.5%; The probability of the Federal Reserve keeping interest rates unchanged until July is 91.3%, the probability of a cumulative 25 basis point rate hike is 7.4%, and the probability of a cumulative 25 basis point rate cut is 1.4%.