88.8% forecast for Fed interest rates to remain unchanged early next year

According to the January 2 CME "Fed Watch" report, the probability of the Fed keeping interest rates unchanged in January is 88.8%, while the probability of a 25 basis point rate cut is 11.2%. The probability of keeping the current interest rate unchanged until March is 49.7%, the probability of a total 25 basis point rate cut is 45.3%, and the probability of a total 50 basis point cut is only 4.9%.