According to BlockBeats, data from the CME FedWatch tool on March 12th shows that the probability of the US Federal Reserve maintaining interest rates in the 5.25%-5.50% range has risen to 99%, while the probability of a 25 basis point rate cut has dropped to 1.0%. This comes after the release of the US core CPI data, which showed a month-on-month increase of 0.4%, higher than market expectations.

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