CME data has been released, with a 96.8% probability of no rate cut in June, the market is basically betting on holding steady, and liquidity expectations are about to be re-priced.

ME News message, May 16 (UTC+8), according to CME “FedWatch”: the probability that the Federal Reserve will keep interest rates unchanged through June is 96.8%, with a 3.2% probability of a cumulative 25 basis point rate cut. The probability that the Federal Reserve will keep interest rates unchanged through July is 93.8%, with a 3.1% probability of a cumulative 25 basis point rate cut and a 3.1% probability of a cumulative 25 basis point rate hike. (Source: Jin10)