CME Fed Watch: The probability of the Fed keeping interest rates unchanged in March is 97%

According to CME's "Fed Watch": the probability that the Federal Reserve will keep interest rates unchanged in the range of 5.25%-5.50% in March is 97%, and the probability of cutting interest rates by 25 basis points is 3%. The probability of keeping rates unchanged through May is 80.2%, the probability of a cumulative 25 basis point rate cut is 19.3%, and the probability of a cumulative 50 basis point rate cut is 0.5%.