CME Fed Watch: The probability of the Fed cutting interest rates by 25 basis points in January is only 2.1%

According to the "Fed Watch" data from CME, there are 3 days until the next FOMC meeting, with a 2.1% probability of a 25 basis point rate cut by the Fed in January and a 97.9% probability of no change. The probability of the Fed cutting rates by a cumulative 50 basis points until March is 0.6%, the probability of a cumulative 25 basis point cut is 27.0%, and the probability of no change is 72.4%.