Federal Reserve Maintains Interest Rates in March, According to CME Watch

According to PANews, the Federal Reserve is likely to maintain interest rates in the range of 5.25% to 5.50% in March, with a probability of 96.0%. The probability of a 25 basis point rate cut is 4.0%, as per CME's 'Fed Watch' data. The Federal Reserve's decision to maintain interest rates comes amid ongoing economic uncertainties and market fluctuations. The central bank's primary objective is to ensure price stability and maximum employment, which are key factors in determining the appropriate level of interest rates. The Federal Reserve's interest rate decisions have a significant impact on the global economy, affecting borrowing costs, investment decisions, and currency values. As such, the central bank's actions are closely monitored by investors and policymakers worldwide.