CME data shows that the probability of the Federal Reserve cutting interest rates in March has dropped to 35.5%
According to CME Federal Reserve Watch: The probability of the Federal Reserve maintaining interest rates in the range of 5.25%-5.50% in March is 64.5%, and the probability of a rate cut by 25 basis points is 35.5%. By May, the likelihood of keeping interest rates unchanged is at 5.4%, while there's a cumulative chance of a rate cut by 25 basis points at 62.1%, and a cumulative chance for a reduction by 50 basis points stands at 32.5%.
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