Fed's interest rate cut bet reduced: likelihood of not cutting interest rates or cutting interest rates once rises to 34%

According to BlockBeats, on June 6th, Wall Street traders reduced their bets on interest rate cuts after the stronger than expected May non farm payroll report was released on Friday. According to CME data, interest rate futures show that the likelihood of three or more 0.25 percentage point rate cuts this year has decreased from 36% on Thursday to 25%. The likelihood of one or zero interest rate cuts has increased from 25% to 34%. (Golden Ten)