The European Central Bank cuts interest rates by 25 basis points, and the market is paying attention to the latest statement from the Federal Reserve

Odaily Planet Daily News: The European Central Bank has cut interest rates by 25BP as scheduled, marking the seventh rate cut in the past year. Please note that this decision was unanimously passed. In addition, Trump urged the Federal Reserve to lower interest rates as the European Central Bank should have done a long time ago. The latest CME "Federal Reserve Watch" data shows that the probability of keeping interest rates unchanged in May is 86.3%, the probability of cutting interest rates by 25 basis points is 13.7%, the probability of keeping interest rates unchanged by June is 38.2%, the probability of reducing interest rates by 25 basis points cumulatively is 54.1%, and the probability of reducing interest rates by 50 basis points cumulatively is 7.6%. Overall, loose monetary policy and severe global trade situation have become the two major factors supporting gold prices in recent times. (Golden Ten)