CME Data: The probability of the Federal Reserve cutting interest rates in March has decreased to 2.6%, and the probability of holding rates steady in April is 85.3%.

Gate News reports that on March 10, according to CME “FedWatch” data, the ongoing turmoil in the Middle East and rising oil prices have increased potential inflation risks, further weakening expectations of a rate cut by the Federal Reserve. Currently, the probability of a 25 basis point rate cut in March is only 2.6%, while the chance of holding rates steady is 97.4%.

The probability of the Federal Reserve maintaining rates unchanged until April is 85.3%, with a 14.4% chance of a total 25 basis point cut, and a 0.3% chance of a total 50 basis point cut. The next two FOMC meetings are scheduled for March 18 and April 29.

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