Ahead of the non-farm payrolls report, the probability of the Federal Reserve keeping interest rates unchanged in March was 78.3%.

According to CME's "FedWatch": the probability of the Federal Reserve cutting interest rates by 25 basis points by March is 21.7%, and the probability of keeping rates unchanged is 78.3%. The probability of the Fed cutting rates by a cumulative 25 basis points by April is 35.7%, the probability of keeping rates unchanged is 58.9%, and the probability of a cumulative 50 basis point cut is 5.4%. The probability of a cumulative 25 basis point cut by June is 49%.