CME "FedWatch" data: The probability of maintaining the interest rate unchanged in January is 95%

According to today's CME "FedWatch" data: the probability of the Federal Reserve cutting rates by 25 basis points in January is 5%, while the probability of maintaining the current rate is 95%. By March, the probability of a cumulative rate cut of 25 basis points is 20.7%, the probability of maintaining the current rate is 78.4%, and the probability of a cumulative rate cut of 50 basis points is 0.9%.