The probability of a Fed rate cut in July is about 75%.

Odaily Planet Daily News: Futures contracts tied to the Fed's policy rate recovered their earlier losses after the interest rate decision was announced, and the current pricing is that the Fed will cut interest rates by 25 basis points as early as June at a 30% probability, slightly higher than the earlier 27%. According to futures prices, the probability of a rate cut by July is about 75%. (Jinshi)