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Before the data is released, according to CME's "Fed Watch": The probability of the Fed lowering interest rates by 25 basis points in March is 4.1%, while the probability of keeping rates unchanged is 95.9%. The probability of the Fed lowering interest rates by a total of 25 basis points by April is 16.4%, with a 83.0% probability of keeping rates unchanged and a 0.5% probability of lowering rates by a total of 50 basis points. The probability of the Fed lowering interest rates by a total of 25 basis points by June is 44.0%.
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