There is 1 day left until the next FOMC meeting of the Federal Reserve, with a probability of only 2.7% for a 25 basis point rate cut in May, and a probability of 97.3% for maintaining the current interest rate.
The probability of the Federal Reserve maintaining the interest rate until June is 69.8%, the cumulative probability of a 25 basis point rate cut is 29.4%, and the cumulative probability of a 50 basis point rate cut is 0.8%.
Notice the volatility!