Before the release of the non-farm payrolls, the probability that the Fed will keep interest rates unchanged in June is 97.7%

Before the release of non-agricultural data, according to CME's "Fed Watch", the probability of the Fed keeping interest rates unchanged in June is 97.7%, and the probability of a 25 basis point rate cut is 2.3%. The probability of the Fed keeping interest rates unchanged by August is 77.5%, the probability of a cumulative 25 basis point rate cut is 22.0%, and the probability of a cumulative 50 basis point rate cut is 0.5%. (Jinshi)