Chance of Fed keeping interest rates unchanged in March rises to 99%

BlockBeats news, on March 12, according to CME FedWatch tool data, after the release of CPI data, the probability of the Federal Reserve keeping interest rates unchanged in the range of 5.25%-5.50% in March rose to 99%, and the probability of cutting interest rates by 25 basis points dropped to 1.0 %. Today the United States released core CPI data, which rose 0.4% month-on-month, higher than market expectations.