There is a 94.4% chance that the Fed will keep interest rates in the 0%-0.25% range in January

According to CME's "Federal Reserve Watch": the probability of the Fed maintaining interest rates in the range of 0%-0.25% in January is 94.4%, and the probability of raising interest rates by 25 basis points is 5.6%; the probability of maintaining interest rates in the range of 0%-0.25% in March is 3.0%, the probability of raising interest rates by 25 basis points is 91.6%, and the probability of raising interest rates by 50 basis points is 5.4%; the probability of maintaining interest rates in the range of 0%-0.25% in May is 1.6%, and the probability of raising interest rates by 25 basis points is 51.4%, with a 44.6% chance of a 50 basis point hike and a 2.5% chance of a 75 basis point hike.