According to CME's "Federal Reserve Watch", the probability of the Federal Reserve keeping interest rates unchanged until June is 96.4%, and the probability of cutting interest rates by 25 basis points is 3.6%. The probability of keeping interest rates unchanged until July is 90.2%, the probability of cutting interest rates by 25 basis points is 9.5%, and the probability of cutting interest rates by 50 basis points is 0.2%.