The latest data from CME's 'Fed Watch' tool suggests a high likelihood that the Federal Reserve will maintain the interest rates at their current range of 5.25%-5.50% in March, with a predicted probability of 99.0%. The chances of a 25 basis point rate cut have been assessed at a mere 1.0%.
Looking further ahead to May, the odds continue to favor stability in interest rates, with an estimated probability of 91.1%. However, there are modest prospects for a 25 basis point rate cut at 8.8% and an even slimmer likelihood for a 50 basis point cut, with just 0.1% probability.