99% probability that the Fed will leave rates unchanged in March

According to the CME "Fed Watch", the probability that the Federal Reserve will keep interest rates unchanged in March in the range of 5.25%-5.50% is 99.0%, and the probability of a 25 basis point cut is 1.0%. The probability of rates remaining unchanged through May is 1.0%. at 86.1%, with a 13.7% probability of a cumulative 25 basis point rate cut and a 0.1% probability of a cumulative 50 basis point rate cut.