BlockBeats News, March 11th, the US Department of Labor announced tonight that the February non-seasonally adjusted CPI year-on-year rate was 2.4%, in line with expectations of 2.40% and unchanged from the previous value of 2.40%. According to CME’s “FedWatch” data, the current probability of a 25 basis point rate cut by the Fed in March is only 0.7%, with a 99.3% probability of no rate change.
The probability of the Fed holding rates unchanged until April is 89.1%, with a 10.8% probability of a cumulative 25 basis point rate cut, and a 0.1% probability of a cumulative 50 basis point rate cut.
The dates of the next two FOMC meetings are March 18th and April 29th.
