The Federal Reserve is expected to keep interest rates unchanged in January, with an 88.4% probability, according to the CME "FedWatch" tool. The likelihood of a 25-basis-point rate cut stands at 11.6%. Looking ahead to March, the probability of a 25-basis-point rate cut increases to 40.3%, while the chance of maintaining current rates is 55.4%. A cumulative 50-basis-point rate cut has a 4.3% probability.