Data from February 23 indicates that, according to CME's FedWatch Tool, there is a 4.1% probability of the Federal Reserve cutting interest rates by 25 basis points in March, with a 95.9% likelihood of maintaining the current rates. According to Jin10, by April, the probability of a cumulative 25 basis point rate cut rises to 16.4%, while the chance of rates remaining unchanged is 83.0%. The likelihood of a cumulative 50 basis point cut stands at 0.5%. By June, the probability of a cumulative 25 basis point rate cut increases to 44.0%.