According to Odaily, CME's "FedWatch" tool indicates that before the release of nonfarm payroll data, there is an 11.6% probability that the Federal Reserve will cut interest rates by 25 basis points in January. The likelihood of maintaining the current rates stands at 88.4%. By March, the probability of a cumulative 25 basis point rate cut is 35.8%, while the chance of keeping rates unchanged is 60.6%. Additionally, there is a 3.7% probability of a cumulative 50 basis point rate cut.