The probability of the Federal Reserve keeping interest rates unchanged in March is 99%

According to CME's "Fed Watch", the probability of the Federal Reserve keeping interest rates unchanged in March within the range of 5.25%-5.50% is 99.0%, and the probability of a rate cut by 25 basis points is 1.0%. The likelihood of maintaining unchanged interest rates until May is at 94.1%, with an accumulated chance for a rate cut by 25 basis points standing at 5.9%.