Ahead of the Fed's interest rate decision: The probability of the rate remaining unchanged at this meeting is 98.9%.

According to CME's "FedWatch": The probability of the Fed cutting interest rates by 25 basis points at this meeting is 0%, the probability of keeping rates unchanged is 98.9%, and the probability of raising rates by 25 basis points is 1.1%. By April, the cumulative probability of the Fed cutting rates by 25 basis points is 2.0%, the probability of keeping rates unchanged is 96.9%, and the probability of raising rates by 25 basis points is 1.0%. By June, the cumulative probability of cutting rates by 25 basis points is 16.3%, the probability of keeping rates unchanged is 82.5%, and the probability of raising rates by 25 basis points is 0.9%.