96% probability that the Fed will leave interest rates unchanged in March

According to CME ‘Fed Watch’: the probability that the Fed will keep interest rates unchanged in March is 96.0%, and the probability of a 25 basis point cut is 4.0%. The probability of keeping the current rate unchanged by May is 50.9%, the probability of a cumulative 25 basis point cut is 47.2%, and the probability of a cumulative 50 basis point cut is 1.9%.