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U.S. CPI Data Released; March Fed Rate Cut Probability Falls Below 1%

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Fed news shows the U.S. CPI annual rate for February came in at 2.4%, in line with forecasts. On-chain data reflects stable market sentiment ahead of the March FOMC meeting. The CME FedWatch tool now indicates a 0.7% chance of a rate cut in March, with 99.3% odds of no change. The probability of no rate change through April stands at 89.1%, while a 25-basis-point cut is projected at 10.8%. The next FOMC meetings are on March 18 and April 29.

BlockBeats report: On March 11, the U.S. Department of Labor released the February unadjusted CPI year-over-year rate at 2.4%, matching the expected 2.40% and the prior value of 2.40%, in line with market expectations and unchanged from last month. According to CME's "FedWatch" data, the probability of the Federal Reserve cutting rates by 25 basis points in March is now just 0.7%, with a 99.3% probability of maintaining the current rate.


The probability that the Federal Reserve will hold rates steady until 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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