Ahead of the Consumer Price Index (CPI) release, there is a 95% probability that the Federal Reserve will keep interest rates unchanged in January, according to CME's "FedWatch" tool. The likelihood of a 25 basis point rate cut stands at just 5%. Looking ahead to March, the probability of a cumulative 25 basis point rate cut increases to 24.3%, while the chance of maintaining current rates is 74.6%. A 50 basis point rate cut is considered highly unlikely, with only a 1.1% probability.