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The probability of the Federal Reserve cutting interest rates in March after the PPI data was released is only 1%

Internet reports that the U.S. PPI in February hit the smallest increase since July 2024. According to CME's "Fed Observation" data, the probability that the Fed will keep interest rates unchanged in March after the PPI data was released is 99.0%, and the probability of a 25 basis point interest rate cut is only 1.0%. There are still about 6 days left before the next FOMC meeting.

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