There is a 98% chance that the Fed will keep interest rates unchanged this week

According to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged in March is 98%, and the probability of a 25 basis point rate cut is 2%. The probability of maintaining the current interest rate unchanged by May is 80.3%, the probability of a cumulative 25 basis point rate cut is 19.3%, and the probability of a cumulative 50 basis point rate cut is 0.4%.