Market expects the probability of the Federal Reserve not cutting interest rates in March to rise to 97.4%

According to CME "FedWatch" data, the market expects the probability that the Federal Reserve will keep interest rates unchanged at the March policy meeting to rise to 97.4%, while the probability of a 25 basis point rate cut is 2.6%. The probability of no rate cut has reached a new high since concerns about inflation were triggered by the escalation of the Iran situation.