According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in May is 92.3%, and the probability of a 25 basis point cut is 7.7%. The probability that the Fed will keep interest rates unchanged in June is 375.1%, the probability of a cumulative 25 basis point cut is 60.2%, and the probability of a cumulative 50 basis point cut is 4.8%.