93% 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 93%, and the probability of cutting rates by 25 basis points is 7%. The probability of maintaining the current interest rate unchanged by May is 61.3%, the probability of a cumulative 25 basis points of interest rate cuts is 36.4%, the probability of a cumulative 50 basis points of interest rate cuts is 2.4%.