Probabilities of 50 Bps of Rate Cuts

Target-rate probabilities for the Fed funds rate to be 4.75%-5% after each of the next five FOMC meetings

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* Probabilities are as implied by 30-day Fed funds futures pricing data. Data is as of 8:30 a.m. Eastern on March 6. bps = basis points

Chart: CFOSource: CME GroupGet the dataCreated with Datawrapper