According to CME's "Federal Observation": The probability of the Federal Reserve keeping interest rates unchanged in May is 86.4%, and the probability of a 25 basis point cut is 13.6%. The probability of the Federal Reserve keeping interest rates unchanged by June is 24%, the probability of a cumulative interest rate cut of 25 basis points is 66.2%, and the probability of a cumulative interest rate cut of 50 basis points is 9.8%.