Federal Reserve's March Rate Decision Likely to Hold Steady

According to Odaily, the CME's 'FedWatch' tool indicates a 95.5% probability that the Federal Reserve will maintain its current interest rates in March. There is a 4.5% chance of a 25 basis point rate cut. Looking ahead to May, the likelihood of keeping the rates unchanged stands at 73.9%, while the probability of a cumulative 25 basis point cut is 25.1%, and a 50 basis point cut is at 1%.