According to the CME “Fed Watch”, the probability that the Fed will keep interest rates unchanged in January is 97.3%, and the probability of cutting rates by 25 basis points is 2.7%. The probability of keeping the current interest rate unchanged in March is 70.1%, the probability of a cumulative 25 basis point cut is 29.2%, and the probability of a cumulative 50 basis point cut is 0.7%.