Before the non-farm payroll announcement, the probability that the Federal Reserve would maintain interest rates unchanged in March was 91%.
According to the CME "Fed Watch", the probability of the Fed keeping interest rates unchanged in March is 91%, and the probability of a 25 basis point cut is 9%. The probability of keeping current interest rates unchanged in May is 53.8%, the probability of a cumulative 25 basis point cut is 42.5%, and the probability of a cumulative 50 basis point cut is 3.7%.