The probability of the Federal Reserve maintaining interest rates in May is 92.3%

Multiple economic data in the United States have been released, with a sharp drop in non-farm payrolls and a contraction in GDP in the first quarter. The CME "Fed Watch" now shows a 92.3% probability that the Federal Reserve will keep interest rates unchanged in May, with a 7.7% probability of a 25 basis point rate cut. The probability of the Federal Reserve maintaining interest rates unchanged in June is 35.1%, with a cumulative 60.2% probability of a 25 basis point rate cut and a 4.8% probability of a cumulative 50 basis point rate cut.