Just checked the latest Fed rate expectations from CME's FedWatch Tool and the picture for March is pretty clear—barely any chance of a cut happening, sitting at just 2.5%. Most likely scenario is they hold steady at 97.5% probability. Things get more interesting when you look ahead though. By April, the odds of a rate cut jump to 16.3%, which suggests the market is pricing in some shift. Fast forward to June and you're looking at a 40.3% probability of cumulative cuts, so it seems like the Fed might finally start easing later in the year. The us interest rate news keeps shifting, but for now it's all about patience and watching how inflation data comes in over the next couple months.