Market expects a 22% chance of no rate hike and a 78% chance of a 25 basis point hike at the March 22nd meeting, supported by Goldman Sachs' view that it's needed to calm markets.
"investors are now pricing in the unthinkable and that would be a pause on rate hikes as it stands right now the market believes there's a 22 chance the FED will not raise rates at their next meeting on March 22nd well there's a 78 chance of a smaller 25 basis point rate hike this is also backed by Goldman Sachs who believes that this would be needed to further calm the markets and prevent even further Fallout"