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The Fed has a 95% chance of keeping its interest rate unchanged in June.

As of May 1, according to CME's "Fed in Focus" data, the Fed has a 95% chance of keeping its interest rate unchanged in June, with a 5% chance of cutting the rate by 25 basis points. The Fed has an 87.9% chance of keeping its interest rate unchanged in July, with an 11.7% chance of cutting the rate by 25 basis points and a 0.4% chance of cutting the rate by 50 basis points.
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