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According to CME's "Fed Watch": The probability of the Fed raising interest rates by 25 basis points in April is 1%, and the probability of maintaining rates unchanged is 99%. The probability of the Fed cutting rates by a cumulative 25 basis points by June is 2.6%, with a 96.4% probability of keeping rates unchanged, and a 1% probability of raising rates by a cumulative 25 basis points.
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