The probability of the Fed raising interest rates by 50BP in March is 27%

According to CME “Fed Watch”, the probability of the Fed raising interest rates by 25 basis points in March to the range of 4.75%-5.00% is 73.0%, and the probability of raising interest rates by 50 basis points to the range of 5.00%-5.25% is 27.0%; the probability of a cumulative rate hike of 25 basis points by May is 0%, the probability of a cumulative rate hike of 50 basis points is 70.3%, and the probability of a cumulative rate hike of 75 basis points to the range of 5.25%-5.50% is 28.7%. the probability of a cumulative rate hike of 100 basis points to the range of 5.50%-5.75% is 1.0%.