Before the non-farm payroll announcement, the probability of the Federal Reserve maintaining interest rates unchanged in January is 93.1%

On January 10, according to CME "Federal Reserve Watch": The probability of the Federal Reserve maintaining the interest rate in January is 93.1%, and the probability of a reduction by 25 basis points is 6.9%. By March, the probability of maintaining the current interest rate remains at 59.6%, while there's a cumulative chance of a decrease by 25 basis points at 37.9% and a cumulative decrease by 50 basis points stands at just about 2.5%.