According to BlockBeats, data from CME's 'FedWatch' indicates that the Federal Reserve is set to announce its interest rate decision tonight at 2 a.m. UTC+8. The probability of a 25 basis point rate cut in March is just 1%, while the likelihood of maintaining the current rate stands at 99%.
Looking ahead to May, the probability of a cumulative 50 basis point rate cut is 0.2%, with an 18.6% chance of a 25 basis point reduction. The probability of rates remaining unchanged through May is 81.2%.
