The likelihood of the Federal Reserve implementing a 25-basis-point interest rate hike on April 25 has plummeted to just 0.5%, according to CME's "FedWatch" data as of April 1. This marks a significant decrease from a peak probability of 12.4% recorded on March 23. The data suggests a 99.5% probability that the Fed will maintain the current interest rate, making a rate hike nearly negligible.