Before the nonfarm payroll release, the probability of the Fed maintaining interest rates in June was 96.9%

Odaily Planet Daily News: Before the release of the nonfarm payroll data, according to CME's "FedWatch": The probability of the Fed cutting interest rates by 25 basis points in June was 3.1%, while the probability of maintaining the current rate was 96.9%. By July, the probability of a cumulative 25-basis-point rate cut by the Fed was 9.1%, the probability of maintaining the current rate was 90.7%, and the probability of a cumulative 50-basis-point rate cut was 0.2%.