Probability that the Fed will leave interest rates unchanged in May is 87.1 per cent

According to the CME ‘Fed Watch’, the probability that the Fed will keep interest rates unchanged in May is 87.1%, and the probability of a 25 basis point cut is 12.9%. The probability that the Fed will keep interest rates unchanged until June is 32.4%, the probability of a cumulative 25 basis point cut is 59.5%, and the probability of a cumulative 50 basis point cut is 8.1%.