The probability of the Federal Reserve raising interest rates by 25 basis points in April has dropped to just 0.5%.

BlockBeats message. On April 1, according to CME’s “FedWatch” data, the probability that the Federal Reserve will raise rates by 25 basis points in April has fallen to 0.5% (it once rose to 12.4% on March 23). The likelihood of a rate hike is now virtually negligible, with a 99.5% probability of holding rates steady.

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