According to CME's "Federal Observation": The probability of the Federal Reserve keeping interest rates unchanged in May is 68.8%, and the probability of a 25 basis point cut is 31.2%. The probability of the Federal Reserve keeping interest rates unchanged by June is 18.5%, the probability of a cumulative interest rate cut of 25 basis points is 58.7%, and the probability of a cumulative interest rate cut of 50 basis points is 22.9%.