Before the announcement of the US CPI, the probability of the Federal Reserve maintaining interest rates unchanged in March was 97%

According to CME "Fed Watch": The probability of the Federal Reserve keeping interest rates unchanged in March is 97.0%, and the probability of a rate cut by 25 basis points is 3.0%. By May, the likelihood of maintaining current interest rates remains at 67.0%, with a cumulative chance of a rate cut by 25 basis points at 32.1% and a cumulative chance for a rate cut by 50 basis points at just 0.9%.