95% probability that the Fed will leave interest rates unchanged in March

According to the CME ‘Fed Watch’: the probability that the Fed will keep interest rates unchanged in March is 95%, and the probability of a 25 basis point cut is 5%. The probability of keeping the current interest rate unchanged in May is 57.4%, the probability of a cumulative 25 basis point cut is 40.6%, and the probability of a cumulative 50 basis point cut is 2%.