The Federal Reserve is about to hold its May interest rate meeting, and the probability of a 25 basis point rate cut is only 2.7%

Odaily News According to CME's "Fed Watch" data, with 1 day and 17 hours left until the Fed's next FOMC meeting, the probability of a 25 basis point rate cut in May is only 2.7%, and the probability of maintaining interest rates unchanged is 97.3%.
The probability that the Federal Reserve will keep interest rates unchanged by June is 69.8%, the probability of a cumulative interest rate cut of 25 basis points is 29.4%, and the probability of a cumulative interest rate cut of 50 basis points is 0.8%.