Before the release of the ADP, there is a 93% probability that the Fed will keep the Intrerest Rate unchanged in March

Golden Ten Data on March 5, according to CME's "Fed Watch": the probability that the Fed will keep the Intrerest Rate unchanged in March is 93%, and the probability of cutting interest rates by 25 basis points is 7%. The probability of keeping the current Intrerest Rate unchanged by May is 56.2%, the probability of a cumulative rate cut of 25 basis points is 41.0%, and the probability of a cumulative rate cut of 50 basis points is 2.8%.