Before the release of PCE data, the probability of the Federal Reserve keeping rates unchanged in May is 94%

According to a report by Jinse Finance, based on CME's "FedWatch": There is a 94% probability that the Federal Reserve will keep rates unchanged in May, and a 6% probability of a 25 basis point rate cut. By June, there is a 32.9% probability that the Federal Reserve will keep rates unchanged, a cumulative 63.2% probability of a 25 basis point rate cut, and a cumulative 3.9% probability of a 50 basis point rate cut.