There are only 3 days left before the Fed’s interest rate decision, and the probability of a rate cut in March is only 2%

According to the CME "Fed Watch" data, there are 3 days left until the next FOMC meeting (the interest rate decision will be announced at 2 am Beijing time on March 20), the probability of the Fed cutting rates by 25 basis points in March is 2%, and the probability of keeping rates unchanged is 98%. The probability of the Fed cutting rates by a cumulative 50 basis points by May is 0.5%, the probability of a cumulative 25 basis points cut is 27.7%, and the probability of keeping rates unchanged is 71.8%.