The Federal Reserve will announce its interest rate decision tonight, with only a 1% chance of a rate cut in March

According to ChainCatcher news, based on CME's "FedWatch" data, the Federal Reserve will announce its interest rate decision tonight (March 20, 2 AM Beijing time). The probability of a 25 basis point rate cut in March is only 1%, while the probability of maintaining the current rate is 99%.

The probability of a cumulative 50 basis point rate cut by May is 0.2%, the probability of a cumulative 25 basis point rate cut is 18.6%, and the probability of maintaining the current rate is 81.2%.