The Federal Reserve is expected to keep interest rates unchanged in January, with a 95% probability, according to the CME "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 26%, while the chance of maintaining current rates is 72.8%. A 50 basis point rate cut is considered highly unlikely, with only a 1.2% probability.