The probability of the Federal Reserve keeping interest rates unchanged in March is 95.9%

According to Jinshi reports, before the data was released, based on CME's "Fed Watch," the probability of the Federal Reserve cutting rates by 25 basis points by March was 4.1%, while the probability of keeping rates unchanged was 95.9%. By April, the cumulative probability of a 25 basis point cut was 16.4%, the probability of keeping rates unchanged was 83%, and the cumulative probability of a 50 basis point cut was 0.5%. By June, the cumulative probability of a 25 basis point cut was 44%.