CME FedWatch Shows 97.3% Probability Fed Holds Rates in March

The Federal Reserve will keep interest rates unchanged in March with a 97.3% probability and only a 2.7% chance of a 25 basis point cut, CME FedWatch data show as cited by CNBC. By April, the tool indicates an 11.5% probability of a cumulative 25 basis point cut, an 88.3% chance rates stay on hold, and a 0.3% probability of a cumulative 50 basis point cut. The probability of a cumulative 25 basis point cut rises to 33.3% by June, the data show.