The probability of the Federal Reserve maintaining the same interest rate in March is 97.0%

According to CME's "Fed Watch", the probability of the Federal Reserve keeping interest rates unchanged 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%. By May, the likelihood of maintaining unchanged interest rates is 78.5%, with a cumulative chance for a rate cut by 25 basis points at 21.0%, and a cumulative chance for a rate cut by 50 basis points at just 0.6%.