The Federal Reserve is expected to keep interest rates unchanged in March, with a 97.3% probability, according to CME's "FedWatch" tool. The tool also indicates a 2.7% chance of a 25-basis-point rate cut. Looking ahead to April, the probability of maintaining the current rate is 88.3%, while the likelihood of a 25-basis-point cut rises to 11.5%. By June, the probability of a cumulative 25-basis-point cut increases to 33.3%.
Fed Likely to Maintain Interest Rates in March, CME Tool Indicates
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