CME FedWatch Tool Indicates Unchanged Interest Rat

According to BlockBeats, data from the CME FedWatch tool on March 12th shows that the probability of the US Federal Reserve maintaining interest rates in the 5.25%-5.50% range has risen to 99%, while the probability of a 25 basis point rate cut has dropped to 1.0%. This comes after the release of the US core CPI data, which showed a month-on-month increase of 0.4%, higher than market expectations.

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