The Federal Reserve is expected to keep interest rates unchanged in January, with a 95% probability according to the CME's "FedWatch" tool. The likelihood of a 25-basis-point rate cut stands at 5%. Looking ahead to March, the probability of a 25-basis-point cut increases to 15.4%, while the chance of maintaining the current rate is 84.1%. There is a minimal 0.6% probability of a cumulative 50-basis-point rate cut by March.