The probability of the Federal Reserve cutting interest rates by 25 basis points in May is 45.2%

According to CME "Fed Watch": The probability of the Federal Reserve keeping interest rates unchanged in May is 54.8%, and the probability of a rate cut by 25 basis points is 45.2%. The likelihood of the Fed maintaining unchanged rates until June is 0, with a cumulative chance of a rate cut by 25 basis points at 51%, a cumulative reduction by 50 basis points at 45.9%, and a cumulative decrease by 75 basis points at just 3.2%.