Federal Reserve's March Rate Decision Anticipated to Remain Unchanged

According to BlockBeats, data from CME's 'FedWatch' indicates that the Federal Reserve is set to announce its interest rate decision tonight at 2 a.m. UTC+8. The probability of a 25 basis point rate cut in March is just 1%, while the likelihood of maintaining the current rate stands at 99%. Looking ahead to May, the probability of a cumulative 50 basis point rate cut is 0.2%, with an 18.6% chance of a 25 basis point reduction. The probability of rates remaining unchanged through May is 81.2%.