The Federal Reserve will announce the interest rate decision tonight, with only a 1% probability of a rate cut in March

According to CME "Fed Watch" data, the Federal Reserve will announce its interest rate decision at 2:00 on March 20 (UTC+8). The probability of the Fed cutting rates by 25 basis points in March is only 1%, while the likelihood of maintaining the status quo is 99%.

The probability of the Fed cumulatively cutting rates by 50 basis points up until May is 0.2%, and for a cumulative cut of 25 basis points it's at18.6%. The chance that they maintain current levels stands at81.2%.