According to CME's "Federal Observation", the probability of the Fed's interest rate unchanged in May is 87.1%, and the probability of a 25 basis point cut is 12.9%. The probability of the Federal Reserve keeping interest rates unchanged by June is 32.4%, the probability of a cumulative interest rate cut of 25 basis points is 59.5%, and the probability of a cumulative interest rate cut of 50 basis points is 8.1%.