Here's what the Fed Funds futs are predicting:
http://www.cbot.com/cbot/pub/page/0,3181,1563,00.html
As per Rick Santelli on CNBC, we look at non-meeting months for predictions:
Apr: 94.75 = (100 - 5.25%) = 0% chance of raise or cut by (end of) April
July: 94.815 = 0.065*4 = 26% chance of a cut by July
Nov: 95.09 = 0.34*4 = 100% chance of 25 basis points cut and 36% chance of 50 by November
etc.
at least that's what I've picked up.