The futures market bets that the Federal Reserve will not cut interest rates in the short term.

According to ChainCatcher, reports from Jin10 indicate that concerns about the economy have significantly dropped compared to Trump’s “liberation day” based on federal funds futures. A month ago, bets in the futures market reflected that the possibility of the Federal Reserve maintaining stable interest rates in the first half of this year was only one in five, as traders believed that chaotic trade policies would weaken the economy and force the Federal Reserve to respond with loose policies. Now, the futures market indicates that the likelihood of a rate cut before the end of June is about 90%.