PANews reported on April 10 that according to CME's "Fed Watch" cited by Jinshi, the probability of the Fed keeping interest rates unchanged in May has dropped to 79.1%, and the probability of a 25 basis point rate cut has risen to 20.9%. The probability of the Fed keeping interest rates unchanged in June is 16.5%, the probability of a cumulative 25 basis point rate cut is 67%, and the probability of a cumulative 50 basis point rate cut is 16.5%.

Before the CPI was released, the probability that the Fed would keep interest rates unchanged in May was 83.5%, and the probability of a 25 basis point rate cut was 16.5%. The probability that the Fed would keep interest rates unchanged in June was 27.1%, the probability of a cumulative 25 basis point rate cut was 61.7%, and the probability of a cumulative 50 basis point rate cut was 11.1%.