According to CME’s “Federal Reserve”: Federal Reserve The probability of a 25-basis-point rate cut by March is 2%, while the probability of rates remaining unchanged is 98.0%. Federal Reserve The probability of a cumulative 25-basis-point rate cut by April is 15.9%, the probability of rates remaining unchanged is 83.8%, and the probability of a cumulative 50-basis-point rate cut is 0.3%. The probability of a cumulative 25-basis-point rate cut by June is 42.7%.