CME FedWatch shows 78.3% chance of Fed rate hold in March

Traders are pricing in a 78.3% probability that the U.S. Federal Reserve will hold interest rates steady at its March Federal Open Market Committee (FOMC) meeting, according to the CME FedWatch tool. This market sentiment comes ahead of the release of the U.S. unemployment rate and non-farm payroll data for January. The March FOMC meeting is scheduled for March 17-18.