According to CME's 'FedWatch': The probability of the Federal Reserve maintaining interest rates in June is 83.5%, and the probability of a 25 basis point rate cut is 16.5%. The probability of the Federal Reserve maintaining interest rates in July is 29.1%, the cumulative probability of a 25 basis point rate cut is 60.1%, and the cumulative probability of a 50 basis point rate cut is 10.7%.