Before the non-farm payroll announcement, the probability of the Federal Reserve maintaining interest rates unchanged in March was 91%
According to CME "Fed Watch": The probability of the Federal Reserve keeping interest rates unchanged in March is 91%, and the probability of a rate cut by 25 basis points is 9%. By May, the likelihood of maintaining current interest rates remains at 53.8%, while there's a cumulative chance of a rate cut by 25 basis points at 42.5% and a cumulative chance for a rate cut by 50 basis points stands at 3.7%.
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