Federal Reserve Interest Rate Projections Amid Upcoming U.S. Employment Data

According to BlockBeats, data from CME's FedWatch indicates that ahead of the U.S. employment data release tonight, there is a 24.4% probability that the Federal Reserve will cut interest rates by 25 basis points in January next year, while the likelihood of maintaining the current rates stands at 75.6%. The probability of the Federal Reserve keeping rates unchanged until March next year is 49%, with a cumulative 25 basis point rate cut probability at 42.4%, and an 8.6% chance of a 50 basis point cut. The next two Federal Open Market Committee (FOMC) meetings are scheduled for January 28, 2026, and March 18, 2026. The U.S. Bureau of Labor Statistics is set to release the seasonally adjusted non-farm payroll data and unemployment rate for November tonight at 21:30 (UTC+8). The expected figures for November's seasonally adjusted non-farm payroll are 400,000, and the unemployment rate is anticipated to be 4.40%.