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U.S. CPI data released; March Fed rate cut probability falls to 0.7%

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Fed news shows the U.S. Bureau of Labor Statistics reported February’s non-seasonally adjusted CPI annual rate at 2.4%, in line with forecasts. The CME FedWatch tool now indicates a 0.7% chance of a March rate cut, with a 99.3% likelihood of rates remaining unchanged. The probability of no rate cut until April is 89.1%, while a 25-basis-point cut by then stands at 10.8%. Traders are advised to monitor altcoins, as Fed policy remains a key market driver. The next FOMC meetings are scheduled for March 18 and April 29.

ChainThink reports that on March 11, the U.S. Department of Labor released the February unadjusted CPI year-over-year at 2.4%, in line with expectations of 2.40% and matching the prior value of 2.40%, consistent with market forecasts and unchanged from last month. According to CME's "FedWatch" data, the probability of a 25-basis-point rate cut by the Fed in March is now just 0.7%, with a 99.3% chance of holding rates steady.


The probability that the Federal Reserve will hold rates steady through April is 89.1%, the probability of a cumulative rate cut of 25 basis points is 10.8%, and the probability of a cumulative rate cut of 50 basis points is 0.1%.


The next two FOMC meetings of the Federal Reserve are scheduled for March 18 and April 29.

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