CME Fed Watch: The probability of a 25 basis point rate cut in May is 5.1%

according to CME's "Fed Watch" data, there are 7 days and 2 hours left until the next FOMC meeting of the Federal Reserve. The probability of a 25 basis point rate cut in May is 5.1%, while the probability of keeping rates unchanged is 94.9%. The probability of the Federal Reserve keeping rates unchanged in June is 29.9%, with a cumulative probability of a 25 basis point rate cut at 66.6% and a cumulative probability of a 50 basis point rate cut at 3.5%.