Fed Likely to Hold Interest Rates Steady in March with 90% Probability, CME Data Shows

CME's FedWatch Tool indicates a 90.1% chance that the Federal Reserve will keep interest rates unchanged in March. The likelihood of a 25 basis point rate cut by March stands at 9.9%, with increasing odds for cuts later in the year: 23.2% by April and 46% by June. A larger cumulative cut of 50 basis points by April remains very unlikely at 1.6%.