Federal Reserve's May Rate Decision Likely to Remain Unchanged

According to Odaily, following the release of non-farm payroll data, the CME's "FedWatch" tool indicates a 56.7% probability that the Federal Reserve will keep interest rates unchanged in May, down from 60.1% before the data release. The likelihood of a 25 basis point rate cut stands at 43.3%. For June, there is a 0% probability of maintaining the current rate, with a 52.1% chance of a cumulative 25 basis point cut, a 44.3% chance of a 50 basis point cut, and a 3.5% chance of a 75 basis point cut.