According to CME Federal Reserve Watch: The probability of the Federal Reserve maintaining interest rates in the range of 5.25%-5.50% in March is 61%, and the probability of a rate cut by 25 basis points is 39%. By May, the probability of keeping interest rates unchanged is 27.7%, while there's a cumulative chance of a rate cut by 25 basis points at 51%, and a cumulative chance for a rate cut by 50 basis points at 21.3%.