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

Planet Daily News: The European Central Bank (ECB) cut interest rates by 25 basis points as expected, marking the seventh rate cut in the past year, with the decision being unanimously approved. Additionally, Trump urged the Federal Reserve to lower interest rates, just like the ECB. The latest CME "Fed Watch" data shows an 86.3% probability of maintaining interest rates unchanged in May, with a 13.7% chance of a 25 basis point cut. In June, the probability of maintaining interest rates is 38.2%, with a 54.1% chance of a cumulative 25 basis point cut and a 7.6% chance of a 50 basis point cut. Overall, monetary policy easing and the challenging global trade situation have been the two main factors supporting gold prices recently. (Jin Shi)