According to CME's "Federal Observation": The probability of the Federal Reserve keeping interest rates unchanged in May is 83.5%, and the probability of cutting interest rates by 25 basis points is 16.5%. The probability of the Federal Reserve keeping interest rates unchanged by June is 25.1%, the probability of a cumulative interest rate cut of 25 basis points is 63.4%, and the probability of a cumulative interest rate cut of 50 basis points is 11.6%.