Before the release of non-agricultural data, the probability of the Federal Reserve cutting interest rates in May continued to rise to 39.9%

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On April 4, according to CME's "Fed Watch" data, the probability of the Federal Reserve maintaining interest rates unchanged in May is 60.1%, while the probability of a 25 basis point rate cut is 39.9%. The probability of the Federal Reserve maintaining interest rates unchanged until June is 0%, with a cumulative probability of a 25 basis point rate cut at 53.2% and a cumulative probability of a 50 basis point rate cut at 42.2%.

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