Federal Reserve Interest Rate Predictions Ahead of U.S. Employment Data Release

According to Odaily, data from CME's 'FedWatch' tool indicates that ahead of the U.S. non-farm employment data release at 21:30 UTC+8, there is a 14.5% probability that the Federal Reserve will cut interest rates by 25 basis points in March. The likelihood of maintaining the current rate is 85.5%. By May, the probability of a cumulative 50 basis point rate cut is 3.7%, a 25 basis point cut is 32.8%, and the chance of rates remaining unchanged is 63.4%.