After the CPI data release, the probability of a rate cut in March is now less than 1%.

BlockBeats News, March 11th, the US Department of Labor tonight released the February seasonally adjusted CPI year-on-year rate of 2.4%, expected 2.40%, previous value 2.40%, in line with market expectations, unchanged from last month's data. CME "FedWatch" data shows that the current probability of a 25 basis point rate cut by the Fed in March is only 0.7%, with a 99.3% probability of keeping the interest rate unchanged.

The probability of the Fed keeping interest rates unchanged until April is 89.1%, with a 10.8% probability of a cumulative 25 basis point rate cut, and a 0.1% probability of a cumulative 50 basis point rate cut.

The dates of the next two FOMC meetings are March 18th and April 29th.