According to CME "Fed Watch" data, the Federal Reserve will announce the interest rate decision tonight (2 am Beijing time on March 20), and the probability of the Federal Reserve cutting interest rates by 25 basis points in March is only 1%, and the probability of remaining unchanged is 99%. The probability of the Federal Reserve cutting interest rates by a cumulative 50 basis points through May is 0.2%, the probability of a cumulative 25 basis point cut is 18.6%, and the probability of remaining unchanged is 81.2%.