CME "Fed Watch" Points to 56.7% Odds of Fed Raising Interest Rates by 25 Basis Points in May

According to CME "Fed Watch", the probability of the Fed keeping interest rates unchanged in May is 43.3%, and the probability of raising interest rates by 25 basis points to the range of 5.00%-5.25% is 56.7%; the probability of keeping interest rates unchanged by June is 42.7%, the probability of a cumulative rate hike of 25 basis points is 56.5%, and the probability of a cumulative rate hike of 50 basis points is 0.8%.