CME data shows a 39% probability of the Federal Reserve cutting interest rates in March
According to CME Federal Reserve Watch: The probability of the Federal Reserve maintaining interest rates in the range of 5.25%-5.50% in March is 61%, and the probability of a rate cut by 25 basis points is 39%. By May, the probability of keeping interest rates unchanged is 27.7%, while there's a cumulative chance of a rate cut by 25 basis points at 51%, and a cumulative chance for a rate cut by 50 basis points at 21.3%.
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