99.5% probability that the Fed will leave rates unchanged in January

According to CME's “Fed Watch”, the probability of the Federal Reserve keeping interest rates unchanged in January is 99.5%, and the probability of cutting rates by 25 basis points is 0.5%. The probability of keeping the current rate unchanged by March is 75.6%, the probability of a cumulative 25 basis point cut is 24.3%, and the probability of a cumulative 50 basis point cut is 0.1%.