💥Federal Reserve Update:

The probability of keeping interest rates unchanged in May has surged to 99.4%, according to CME's FedWatch tool. The chance of a 25 basis point rate cut stands at just 0.6%.

Key takeaways:

Strong labor market data supports the Fed's cautious approach.

Potential economic slowdown may shape future policy decisions.

Market expectations:

May: 99.4% probability of no rate change

June: 53.8% probability of no change, 45.9% chance of a 25bps cut

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