The probability of a 25 basis points rate hike by the Federal Reserve in April has dropped to just 0.5%.

BlockBeats News, April 1st, according to CME’s “FedWatch” data, the probability of a 25 basis point rate hike by the Fed in April has dropped to 0.5% (it briefly rose to 12.4% on March 23), the likelihood of a rate hike is now almost negligible, with the probability of rates staying unchanged at 99.5%.