According to CME's "Federal Observation": The probability of the Federal Reserve keeping interest rates unchanged in May is 87.8%, and the probability of cutting interest rates by 25 basis points is 12.2%. The probability of the Federal Reserve keeping interest rates unchanged by June is 35.6%, the probability of a cumulative interest rate cut of 25 basis points is 57.1%, and the probability of a cumulative interest rate cut of 50 basis points is 7.3%.