Interest Rate Cut Expectations by the Federal Reserve from May to July:

May 8: Maintain interest rate unchanged 93.4%, 25 basis point cut probability 6.6%;

June 19: Maintain interest rate unchanged 38.7%, 25 basis point cut 57.4%, 50 basis point cut probability 3.9%;

July 31: Maintain interest rate unchanged 9.7%, 25 basis point cut probability 43.4%, 50 basis point cut probability 43.9%.

ps: June interest rate cut expectations have warmed up. Increased by 3.1% compared to the previous day's expectations.