Federal Reserve's March Rate Decision Probabilities Revealed

According to BlockBeats, data from CME's FedWatch Tool indicates that with eight days remaining until the next Federal Open Market Committee (FOMC) meeting on March 20 at 2 a.m. UTC+8, there is a 4% probability that the Federal Reserve will cut interest rates by 25 basis points in March, while the likelihood of maintaining the current rates stands at 96%. Looking ahead to May, the probability of a cumulative 50 basis point rate cut by the Federal Reserve is 1.5%. Meanwhile, there is a 38.3% chance of a cumulative 25 basis point reduction, and a 60.2% probability that rates will remain unchanged.