After the release of ADP data, the probability of the Federal Reserve maintaining interest rates unchanged in May remains at 83.5%
According to CME "Fed Watch": The probability of the Federal Reserve maintaining interest rates in May is 83.5%, and the probability of a rate cut by 25 basis points is 16.5%. The likelihood of the Fed keeping rates unchanged until June is 25.1%, with a cumulative chance of a rate cut by 25 basis points at 63.4% and a cumulative chance for a rate cut by 50 basis points at 11.6%. (All consistent with data released before ADP)
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