Walsh Sworn in as Federal Reserve Chair Tonight at 11 PM

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On May 22, the White House announced that the swearing-in ceremony for new Federal Reserve Chair Walsh will take place at 11 AM on May 22 (11 PM Beijing time), hosted by Trump. According to CME's 'FedWatch' data, the market believes that the outlook for rate cuts after Walsh takes office remains bleak, with a 96.8% probability of maintaining the current interest rate in June, a 3.2% probability of a 25 basis point increase, and no possibility of a rate cut.
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