93.1% probability that the Fed will leave interest rates unchanged in January

According to the CME “Fed Watch”, the probability that the Fed will keep interest rates unchanged in January is 93.1%, and the probability of cutting rates by 25 basis points is 6.9%. The probability of keeping the current interest rate unchanged in March is 61.4%, the probability of a cumulative 25 basis point cut is 36.2%, and the probability of a cumulative 50 basis point cut is 2.4%.