The probability that the Federal Reserve will cut interest rates by 25 basis points by March is 2%, and the probability of keeping rates unchanged is 98.0%. The probability that the Federal Reserve will cut interest rates by a total of 25 basis points by April is 15.9%, with an 83.8% chance of keeping rates unchanged, and a 0.3% chance of a total cut of 50 basis points. The probability of a total cut of 25 basis points by June is 42.7%.