According to the CME "Fed Watch" data, there are 3 days left before the next FOMC meeting (the interest rate decision will be announced at 2:00 am Beijing time on March 20). The probability that the Fed will cut interest rates by 25 basis points in March is 2%, and the probability that it will remain unchanged is 98%. The probability that the Fed will cut interest rates by a total of 50 basis points in May is 0.5%, the probability that it will cut interest rates by a total of 25 basis points is 27.7%, and the probability that it will remain unchanged is 71.8%.