The probability of the Federal Reserve maintaining interest rates unchanged in March is 91%

On March 7, according to CME "Fed Watch": The probability of the Federal Reserve maintaining the interest rate in March is 91%, and the probability of a decrease by 25 basis points is 9%. By May, the probability of maintaining the current interest rate is 50.8%, while there's a cumulative chance of a reduction by 25 basis points at 45.3% and a cumulative chance for a cut by 50 basis points at 4%.