Before the CPI release, the probability of the Federal Reserve keeping interest rates unchanged in March was 90.3%.

PANews reported on February 13th that, prior to the CPI release, according to CME's "FedWatch": the probability of the Federal Reserve cutting interest rates by 25 basis points by March was 9.7%, while the probability of keeping rates unchanged was 90.3%. The probability of a cumulative 25 basis point rate cut by April was 28.1%, the probability of keeping rates unchanged was 69.7%, and the probability of a cumulative 50 basis point rate cut was 2.2%. The probability of a cumulative 25 basis point rate cut by June was 49.4%.