Ahead of the ADP report release, the probability of the Federal Reserve keeping interest rates unchanged in March was 90%.

According to CME's "FedWatch": The probability of the Federal Reserve cutting interest rates by 25 basis points by March is 10%, and the probability of keeping rates unchanged is 90%. The probability of the Fed cutting rates by a cumulative 25 basis points by April is 21.6%, the probability of keeping rates unchanged is 77%, and the probability of a cumulative 50 basis point cut is 1.5%. The probability of a cumulative 25 basis point cut by June is 44.8%.