The probability of a May 7 (next FOMC meeting) rate cut this week. Why is it only 55% that the Fed will cut rates in 4 weeks? Given everything, shouldn't it be 90% of an intraday cut TODAY?! Answer ... the market is telling you a rate cut will not make a difference. So, it is not demanding one. Why not? The fear of tariff-driven inflation. Stimulating an economy when a big rise in CPI is expected could be disastrous.