According to CME's "Federal Reserve Watch", the probability of the Federal Reserve keeping interest rates unchanged until June is 98.6% (98.8% before the decision), until July it is 96.5% (94.6% before the decision), and until September it is 96.1% (92.7% before the decision). The probability of a cumulative interest rate cut of 25 basis points is 1.4% in June (1.2% before the resolution), 3.4% in July (5.4% before the resolution), and 3.8% in September (7.2% before the resolution).