95.4% probability that the Fed will leave interest rates unchanged in May

According to the CME "Fed Watch": the probability that the Fed will keep interest rates unchanged in May is 95.4%, and the probability of a 25 basis point cut is 4.6%. The probability that the Fed will keep interest rates unchanged in June is 7.5%, and the probability of a cumulative rate cut is 7.5% The probability of a 25 basis point cut is 21.7%, and the probability of a cumulative rate cut of 50 basis points is 0.9%.