Before the interest rate decision is announced, the market believes there is a 98.8% probability that the Federal Reserve will announce a 25 basis point rate cut.

CoinVoice has learned that, according to CME's "FedWatch" data, the current market believes there is a 98.8% probability that the Federal Reserve will announce a 25 basis point rate cut tonight (March 19 at 3 AM), while the probability of maintaining the interest rate at 4.5%-4.75% is only 1.2%. The Federal Reserve will announce its rate decision and economic projections at 3 AM, followed by a monetary policy press conference by Chairman Powell at 3:30 AM. [Original link]