According to CME's "Federal Observation": The probability of the Fed keeping interest rates unchanged in May is 76.1%, and the probability of cutting interest rates by 25 basis points is 23.9%. The probability of the Federal Reserve keeping interest rates unchanged by June is 32.1%, the probability of a cumulative interest rate cut of 25 basis points is 54.1%, and the probability of a cumulative interest rate cut of 50 basis points is 13.8%.
Fed rate cut expectations sharply fall
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