According to CME's "Federal Observation": The probability of the Federal Reserve keeping interest rates unchanged in May is 81.4%, and the probability of a 25 basis point cut is 18.6%. The probability of the Federal Reserve keeping interest rates unchanged by June is 27.6%, the probability of a cumulative interest rate cut of 25 basis points is 60.1%, and the probability of a cumulative interest rate cut of 50 basis points is 12.3%.