Federal Reserve's January Rate Decision Likely To Remain Unchanged

According to BlockBeats, data from CME's 'FedWatch' indicates that with three days remaining until the next Federal Open Market Committee (FOMC) meeting, there is a 2.1% probability of a 25 basis point rate cut by the Federal Reserve in January, while the likelihood of maintaining the current rate stands at 97.9%. Looking ahead to March, the probability of a cumulative 50 basis point rate cut is 0.6%, a 25 basis point cut is 27.0%, and the chance of rates remaining unchanged is 72.4%.