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2026-02-20 21:26:13
Prior to the data release, according to CME's "FedWatch": the probability of the Fed cutting interest rates by 25 basis points by March was 5.9%, and the probability of keeping rates unchanged was 94.1%. The probability of a cumulative 25 basis point rate cut by the Fed by April was 20.5%, the probability of keeping rates unchanged was 78.5%, and the probability of a cumulative 50 basis point rate cut was 1.0%. The probability of a cumulative 25 basis point rate cut by June was 48.1%.
