The probability of the Federal Reserve keeping interest rates unchanged in March is 97%

According to CME's "Fed Watch", the probability of the Federal Reserve maintaining interest rates in the range of 5.25%-5.50% in March is 97.0%, and the probability of a rate cut by 25 basis points is 3.0%. The likelihood of keeping interest rates unchanged until May is 67.9%, with a cumulative chance for a rate cut by 25 basis points at 31.2%, and a cumulative chance for a rate cut by 50 basis points at just under one percent, or precisely, it's at .9%.