According to data reported by Jinshi, the CME 'Fed Watch' shows that the probability of the Federal Reserve maintaining interest rates in June is 91.4%, and the probability of a 25 basis point rate cut is 8.6%.
The probability of the Federal Reserve maintaining interest rates in July is 66.9%, the cumulative probability of a 25 basis point rate cut is 30.8%, and the cumulative probability of a 50 basis point rate cut is 2.3%.