There is a 98.9% chance that the Fed will raise rates by 25 basis points in May

According to CME “Fed Watch”: the probability of the Fed keeping interest rates unchanged in May is 1.1%, and the probability of raising interest rates by 25 basis points is 98.9%; the probability of maintaining interest rates at the current level by June is 1%, with a total of 25 interest rate hikes The probability of a basis point is 90%, and the probability of a cumulative rate hike of 50 basis points is 8.9%.