The probability of the Federal Reserve maintaining interest rates unchanged in January next year is 95%

According to Jinshi reports, before the CPI announcement, based on CME's "FedWatch," the probability of the Federal Reserve cutting interest rates by 25 basis points in January next year is 5%, while the probability of maintaining the current rate is 95%. By March next year, the cumulative probability of a 25 basis point cut is 24.3%, the probability of keeping the rate unchanged is 74.6%, and the cumulative probability of a 50 basis point cut is 1.1%.