There are only 3 days left until the Federal Reserve's interest rate decision, with only a 2% probability of a rate cut in March

According to CME Federal Reserve observation data, there are only 3 days left until the next FOMC meeting (interest rate decision will be announced at 2 am on March 20th in Eastern Standard Time). The probability of the Federal Reserve cutting interest rates by 25 basis points in March is only 2%, while the probability of maintaining the status quo is 98%. The likelihood of a cumulative cut of 50 basis points by May is just 0.5%, and for a cumulative cut of 25 basis points it's at around 27.7%. The chance that rates remain unchanged stands at about71.8%.