The Federal Reserve is expected to keep interest rates unchanged in January, with an 82.8% probability, according to the CME "FedWatch" tool. The likelihood of a 25-basis-point rate cut stands at 17.2% for the same period. Looking ahead to March, the probability of a 25-basis-point rate cut increases to 43.6%, while the chance of maintaining current rates is 49.4%. Additionally, there is a 6.9% probability of a cumulative 50-basis-point rate cut by March.