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According to CME's "Fed Watch": The probability of the Fed cutting interest rates by 25 basis points in March is 2.7% with a probability of keeping rates unchanged at 97.3%. The probability of the Fed cutting interest rates by a total of 25 basis points by April is 12.5% with a probability of keeping rates unchanged at 87.3% and a probability of cutting rates by a total of 50 basis points at 0.3%. The probability of the Fed cutting interest rates by a total of 25 basis points by June is 30.7%.
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