Before the release of the CPI, the probability that the Fed will maintain interest rates in March is 99.3%.

According to CME's "FedWatch": The probability of the Fed lowering interest rates by 25 basis points in March is 0.7%, while the probability of maintaining interest rates is 99.3%. The probability of the Fed lowering rates by a cumulative 25 basis points by April is 10.9%, while the probability of maintaining rates is 89.1% and the probability of lowering rates by a cumulative 50 basis points is 0.1%. The probability of the Fed lowering rates by a cumulative 25 basis points by June is 33.1%.