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On the morning of May 2,
The first piece of information is that according to CME's Fed observation, the probability that the Fed will keep interest rates unchanged in May is 93.3%, and the probability of a 25 basis point rate cut is 6.7%. The probability that interest rates will remain unchanged in June is 41.3%. The probability of a cumulative rate cut of 25 basis points is 55.0%, and the probability of a cumulative rate cut of 50 basis points is 3.7%.
The second piece of information is that Trump will request a record $1.01 trillion in national security spending for the next fiscal year starting October 1, which is more than 13% higher than the current fiscal year's figure.
The third piece of information. The Japanese Finance Minister stated that Japan clearly needs to reveal all its cards during negotiations, and US Treasuries could be one of them. It is reported that the second round of bilateral tariff negotiations has not yet reached a consensus.
The fourth article states that Vice President Wan claims there is no conflict of responsibility, and it is difficult to resolve this in the short term.