According to CME's "FedWatch": The probability of the Federal Reserve maintaining interest rates unchanged in June is 94.9% (96.9% before the release), and the probability of a cumulative 25-basis-point rate cut is 5.1% (3.1% before the release). For July, the probability of the Fed maintaining rates unchanged is 88.8% (90.7% before the release), the probability of a cumulative 25-basis-point cut is 10.8% (9.1% before the release), and the probability of a cumulative 50-basis-point cut is 0.4% (0.2% before the release).