According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in June is 91.8%, and the probability of a 25 basis point cut is 8.2%. The probability that the Fed will keep interest rates unchanged in July is 61.4%, the probability of a cumulative 25 basis point cut is 35.9%, and the probability of a cumulative 50 basis point cut is 2.7%.