Probability that the Fed will leave interest rates unchanged in May is 88.5 per cent

The probability of the Fed keeping rates unchanged in May is 88.5%, and the probability of a 25 basis point cut is 11.5%. The probability that the Fed will leave rates unchanged through June is 34.3 per cent, the probability of a cumulative 25 basis point cut is 58.7 per cent, and the probability of a cumulative 50 basis point cut is 7.0 per cent.