The probability of the Federal Reserve keeping interest rates unchanged in March is 90.3% before the CPI release.

Prior to the CPI release, according to CME's "FedWatch": the probability of the Fed cutting interest rates by 25 basis points by March was 9.7%, and the probability of keeping rates unchanged was 90.3%. By April, the probability of a cumulative 25 basis point rate cut was 28.1%, the probability of keeping rates unchanged was 69.7%, and the probability of a cumulative 50 basis point rate cut was 2.2%. By June, the probability of a cumulative 25 basis point rate cut was 49.4%.