Fed Rate Cut Probability Slightly Increases After CPI Data Release

According to BlockBeats, data from CME's FedWatch Tool indicates a slight increase in the probability of a 25 basis point rate cut by the Federal Reserve in March, following the release of the U.S. Consumer Price Index (CPI) data. The likelihood of a rate cut has risen to 28.2%, up from 23.2% the previous day. However, the probability of no rate cut in March remains high at 71%.