After the announcement of ADP and initial application data, the probability of the Federal Reserve maintaining interest rates unchanged in January is 93.1%
On January 8, according to CME "Federal Reserve Watch": The probability of the Federal Reserve maintaining the interest rate in January is 93.1%, and the probability of a reduction by 25 basis points is 6.9%. By March, the probability of maintaining the current interest rate is 58.6%, while there's a cumulative chance of a decrease by 25 basis points at 38.8% and a cumulative decrease by 50 basis points at just 2.6%.
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