CME Fed Watch: Probability of the Fed holding rates steady in March is 99%

TechFlow news, according to CME FedWatch data, there is a 99% probability that the Federal Reserve will keep interest rates unchanged in the 5.25%-5.50% range in March, and a 1% probability of a 25 basis points rate cut. By May, the probability of maintaining current rates stands at 79.7%, with a 20.1% chance of a cumulative 25 basis points cut and a 0.2% chance of a cumulative 50 basis points cut.