CME FedWatch Tool Indicates Low Probability of January Rate Cut

The CME FedWatch Tool reveals a 2.8% probability of a 25 basis point rate cut by the Federal Reserve in January. According to ChainCatcher, there is a 97.2% likelihood that rates will remain unchanged. By March, the probability of a cumulative 25 basis point rate cut increases to 15.5%, while the chance of maintaining current rates is 84.1%. The likelihood of a cumulative 50 basis point rate cut stands at 0.4%.