CME Predicts Low Probability of Fed Rate Cut in March

The CME's FedWatch tool indicates a mere 2% probability of a 25 basis point rate cut by the Federal Reserve in March. According to Jin10, the likelihood of maintaining the current interest rate stands at 98%. Looking ahead to April, the probability of a cumulative 25 basis point rate cut rises to 15.9%, while the chance of keeping rates unchanged is 83.8%. By June, the probability of a cumulative 25 basis point rate cut increases to 42.7%.