Federal Reserve's May Rate Decision Likely to Hold Steady

According to Odaily, the CME's "FedWatch" tool indicates an 83.5% probability that the Federal Reserve will maintain its current interest rates in May, ahead of the ADP data release. There is a 16.5% chance of a 25 basis point rate cut. Looking ahead to June, the probability of rates remaining unchanged is 25.1%, while the likelihood of a cumulative 25 basis point cut stands at 63.4%, and a 50 basis point cut is at 11.6%.