The probability of the Federal Reserve keeping interest rates unchanged in January is 95%

According to CME's "Federal Reserve Watch" data, the probability of the Fed cutting interest rates by 25 basis points in January is 5%, and the probability of keeping interest rates unchanged is 95%. The probability of a cumulative 25 basis point interest rate cut by March is 20.7%, the probability of maintaining the interest rate unchanged is 78.4%, and the probability of a cumulative 50 basis point interest rate cut is 0.9%.