Federal Reserve's March Rate Decision Anticipated to Remain Unchanged

According to BlockBeats, data from CME's 'FedWatch' indicates that with three days remaining until the next Federal Open Market Committee (FOMC) meeting, scheduled for March 20 at 2 a.m. UTC+8, there is a 2% probability of the Federal Reserve reducing interest rates by 25 basis points in March, while the likelihood of maintaining the current rate stands at 98%. Looking ahead to May, the probability of the Federal Reserve cumulatively reducing rates by 50 basis points is 0.5%. The chance of a cumulative 25 basis point reduction is 27.7%, whereas the probability of rates remaining unchanged is 71.8%.