According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in May is 54.8%, and the probability of a 25 basis point cut is 45.2%. The probability that the Fed will keep interest rates unchanged in June is 0, the probability of a cumulative 25 basis point cut is 51%, the probability of a cumulative 50 basis point cut is 45.9%, and the probability of a cumulative 75 basis point cut is 3.2%.