The probability of the Federal Reserve cutting interest rates in March is 15.5%

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 84.5%, and the probability of a rate cut by 25 basis points is 15.5%. By May, the probability of keeping interest rates unchanged is 41.2%, while there's a cumulative chance of a rate cut by 25 basis points at 50.8%, and a cumulative chance for a rate cut by 50 basis points at 7.9%.