PANews reported on January 13th that, prior to the CPI release, according to CME's "FedWatch," the probability of the Federal Reserve cutting interest rates by 25 basis points in January was 5.0%, while the probability of keeping rates unchanged was 95.0%. By March, the probability of a cumulative 25 basis point rate cut was 24.3%, the probability of keeping rates unchanged was 74.6%, and the probability of a cumulative 50 basis point rate cut was 1.1%.
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