CME Federal Reserve Observation: The probability of the Federal Reserve maintaining 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%, and the probability of a rate cut by 25 basis points is 3%. By May, the probability of keeping interest rates unchanged is 80.2%, with a cumulative chance for a rate cut by 25 basis points at 19.3%, and a cumulative chance for a rate cut by 50 basis points at 0.5%.