The Federal Reserve has a 98.9% chance of keeping interest rates unchanged at this meeting.

Gate News reports that on March 18, according to CME’s “FedWatch” data, the probability of the Federal Reserve cutting interest rates by 25 basis points at this meeting is 0%, the probability of holding rates steady is 98.9%, and the probability of raising rates by 25 basis points is 1.1%. The probability of a total 25 basis point rate cut by April is 2.0%, the chance of keeping rates unchanged is 96.9%, and the chance of a 25 basis point increase is 1.0%. By June, the probability of a total 25 basis point rate cut is 16.3%, the chance of holding rates steady is 82.5%, and the chance of a 25 basis point increase is 0.9%.

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