According to Jinshi Data, CME's 'Fed Watch' shows that the probability of the Federal Reserve keeping interest rates unchanged in June is 95.4%, and the probability of a 25 basis point cut is 4.6%.

The probability of the Federal Reserve keeping interest rates unchanged in July is 73.7%, the probability of a cumulative 25 basis point cut is 25.2%, and the probability of a cumulative 50 basis point cut is 1.0%.