Before the FOMC statement, the probability of the Federal Reserve staying put this time was 99%.

According to CME "Fed Watch": The probability of the Federal Reserve keeping interest rates unchanged in March is 99.0%, and the probability of cutting interest rates by 25 basis points is 1.0%. The probability of the Federal Reserve keeping interest rates unchanged by May is 83.9%, the probability of a cumulative rate cut of 25 basis points is 16.0%, and the probability of a cumulative rate cut of 50 basis points is 0.2%. The probability of the Federal Reserve keeping interest rates unchanged by June is 40.4%, the probability of a cumulative rate cut of 25 basis points is 51.1%, the probability of a cumulative rate cut of 50 basis points is 8.3%, and the probability of a cumulative rate cut of 75 basis points is 0.1%.