According to CME's "FedWatch": The probability of the Federal Reserve keeping interest rates unchanged in January is 95.2%, while the probability of a 25 basis point rate cut is 4.8%. By March, the probability of maintaining the current rate is 62.8%, the cumulative probability of a 25 basis point rate cut is 35.5%, and the cumulative probability of a 50 basis point rate cut is 1.6%. (Jin Ten)