Federal Reserve Likely to Maintain Interest Rates This Week

According to PANews, the CME's FedWatch Tool indicates a 97.3% probability that the Federal Reserve will keep interest rates unchanged this week. There is a 2.7% chance of a 25 basis point rate cut. Looking ahead to March, the likelihood of maintaining the current rate stands at 68.1%, while the probability of a cumulative 25 basis point cut is 31.1%, and a 50 basis point cut is 0.8%.