The market is closely watching the Federal Reserve's interest rate decision, with CME FedWatch data indicating a 97.2% probability of maintaining current rates, suggesting a pause in rate cuts. The likelihood of a 25-basis-point rate cut is minimal at 2.8%. Concerns are rising about whether this pause might signal the end of the rate-cutting cycle. Looking ahead to 2026, market data shows varied expectations for rate cuts. The probability of no cuts throughout the year stands at 10.2%, while a cumulative 25 basis points cut is at 28.8%. The chances of a 50 basis points cut are 33%, 75 basis points at 19.8%, 100 basis points at 6.8%, and 125 basis points at 1.3%.