[War Forces Rate Cut Expectations to Cool Rapidly, Probability of Fed Cutting Rates 3 Times in 2026 Drops to 20%] BlockBeats News, March 2: As the Middle East conflict drives up oil prices and stirs inflation concerns, currency markets in the U.S., U.K., and Eurozone have scaled back bets on rate cuts. According to swap trades tied to policy meeting dates, the probability of the Federal Reserve cutting rates three times in 2026 has dropped from nearly 50% last week to 20%. Traders no longer expect the Bank of England to cut rates three times this year and have reduced the probability of a March rate cut from over 80% to 60%. They have also halved the likelihood of the European Central Bank cutting rates this year, pricing in only 5 basis points.