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

According to CME's "FedWatch" data, the probability of the Federal Reserve raising interest rates by 25 basis points in April has dropped to 0.5% (it once rose to 12.4% on March 23), making the possibility of a rate hike almost negligible, while the probability of maintaining the current interest rate is 99.5%.