CME: The probability of the Federal Reserve cutting interest rates in March is 10.5%, and the cumulative probability of rate cuts by May is 35.3%

CME "Fed Watch" data shows that the probability of the Federal Reserve maintaining interest rates in the range of 5.25%-5.50% in March is 89.5%, and the probability of a rate cut by 25 basis points is 10.5%. The likelihood of keeping interest rates unchanged until May is 61.4%, with a cumulative chance for a rate cut by 25 basis points at 35.3%, and a cumulative chance for a rate cut by 50 basis points at 3.3%.