Tonight's May interest rate decision: the probability of no rate cut is 97.8%;

June interest rate decision: probability of no rate cut is 68.9%, probability of a 25 basis point cut is 30%;

July interest rate decision: probability of resuming rate cuts is 57.1%;

September interest rate decision: probability of continuing rate cuts is 50.9%;

Overall, it seems that the current market pricing is relatively stable... there is not much room for speculation, and tonight's volatility should mainly revolve around Powell's speech.