After the release of non-farm payrolls, the probability of the Fed cutting interest rates in March significantly reduced

According to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged in January is 97.3%, and the probability of a 25 basis point rate cut is 2.7%. The probability of maintaining the current interest rate unchanged by March is 74.0% (59.6 before the non-agricultural data), the probability of a cumulative 25 basis point rate cut is 25.4% (37.9% before the non-agricultural data), and the probability of a cumulative 50 basis point rate cut is 0.6% (2.5% before the non-agricultural data). (Jinshi)