Prior to the Non-Farm Payrolls data release, the probability of a Fed rate cut in May continued to climb, reaching 39.9%.

BlockBeats News, April 4th, according to CME's "FedWatch" data, the probability of the Fed holding interest rates steady in May is 60.1%, and the probability of a 25 basis point rate cut is 39.9%.

The probability of the Fed holding interest rates steady in June is 0, the cumulative probability of a 25 basis point rate cut is 53.2%, and the cumulative probability of a 50 basis point rate cut is 42.2%.