The Federal Reserve is expected to maintain its current interest rates in January, with a 95% probability, according to the CME "FedWatch" tool. There is a 5% chance of a 25-basis-point rate cut. Looking ahead to March, the probability of a 25-basis-point rate cut increases to 20.7%, while the likelihood of rates remaining unchanged is 78.4%. The chance of a cumulative 50-basis-point rate cut by March is minimal, at just 0.9%.