The probability of the Federal Reserve leaving interest rates unchanged in May is 91.1 per cent

According to the CME ‘Fed Watch’: the probability that the Fed will keep interest rates unchanged in May is 91.1%, and the probability of a 25 basis point cut is 8.9%. The probability that the Fed will keep interest rates unchanged until June is 30.5%, the probability of a cumulative 25 basis point cut is 63.6%, and the probability of a cumulative 50 basis point cut is 5.9%