According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in May is 79.7%, and the probability of a 25 basis point cut is 20.3%. The probability that the Fed will keep interest rates unchanged in June is 24.5%, the probability of a cumulative 25 basis point cut is 61.5%, and the probability of a cumulative 50 basis point cut is 14.1%.