According to CME's "Feder Observation" data, the probability of the Federal Reserve keeping interest rates unchanged in May is 60.1%, and the probability of a 25 basis point cut is 39.9%. The probability of the Federal Reserve keeping interest rates unchanged by June is 0, the probability of a cumulative interest rate cut of 25 basis points is 53.2%, and the probability of a cumulative interest rate cut of 50 basis points is 42.2%.