After the US CPI release, the probability of the Federal Reserve keeping rates unchanged in June remains largely unchanged

According to CME "FedWatch": The probability of the Federal Reserve keeping rates unchanged in June is 91.7% (91.8% before the announcement), and the probability of a 25 basis point rate cut is 8.3%. The probability of the Federal Reserve keeping rates unchanged in July is 63.3%, with a cumulative probability of a 25 basis point rate cut at 34.2% and a cumulative probability of a 50 basis point rate cut at 2.6%.