CME data shows that the probability of the Fed cutting interest rates in March has dropped to 2.5%
On February 23, according to CME FedWatch: The probability of the Fed maintaining interest rates in the range of 5.25%-5.50% in March is 97.5%, and the probability of a 25 basis point rate cut is 2.5%. The probability of keeping interest rates unchanged until May is 78.4%, with a cumulative probability of a 25 basis point rate cut at 21.1% and a cumulative probability of a 50 basis point rate cut at 0.5%.
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