Before the ADP announcement, the probability that the Federal Reserve would keep interest rates unchanged in March was 83.5%.
According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in March is 83.5%, and the probability of reducing interest rates by 25 basis points is 16.5%. The probability of maintaining current interest rates unchanged in May is 59.1%, the probability of reducing interest rates by 25 basis points in total is 36.1%, and the probability of reducing interest rates by 50 basis points in total is 4.8%.