Chance that the US Fed Raises the Interest Rate by 25 Basis Points in March is 90.8%

According to CME "Fed Watch tool", the probability of the US Fed raising interest rates by 25 basis points in March to 4.75%-5.00% is 90.8%, and that of raising interest rates by 50 basis points to 5.00%-5.25% is 9.2%; the probability of maintaining interest rates unchanged by May is 0.0%. The probability of a cumulative rate hike of 25 basis points is 22.6%, that of a cumulative rate hike of 50 basis points is 70.5%, and that of a cumulative rate hike of 75 basis points is 6.9%.