PANews reported on April 30 that according to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged in May is 94.3%, and the probability of a 25 basis point rate cut is 5.7%. The probability of the Fed keeping interest rates unchanged in June is 35.9%, the probability of a cumulative 25 basis point rate cut is 60.5%, and the probability of a cumulative 50 basis point rate cut is 3.6%.
Before the PCE data was released, the probability that the Federal Reserve would keep interest rates unchanged in May was 92.3%
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