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According to CME's "Fed Watch", the probability of the Federal Reserve keeping interest rates unchanged until June is 96.4%, with a 3.6% probability of a cumulative rate cut of 25 basis points. The probability of the Federal Reserve keeping interest rates unchanged until July is 88.5%, with an 8.2% probability of a cumulative rate increase of 25 basis points and a 3.2% probability of a cumulative rate cut of 25 basis points.
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