According to CME's "FedWatch": The probability of the Federal Reserve keeping interest rates unchanged in June is 94.6%, and the probability of a 25 basis point rate cut is 5.4%. The probability of the Federal Reserve keeping interest rates unchanged in July is 73.1%, the cumulative probability of a 25 basis point rate cut is 25.7%, and the cumulative probability of a 50 basis point rate cut is 1.2%.