CME FedWatch: The probability that the Fed will keep interest rates unchanged in March rises to 99%

According to CME FedWatch tool data, after the release of CPI data, the probability that the Federal Reserve will keep interest rates unchanged in the range of 5.25%-5.50% in March has increased to 99%, and the probability of cutting interest rates by 25 basis points has dropped to 1.0%. Today the United States released core CPI data, which rose 0.4% month-on-month, exceeding market expectations.