The probability that the Fed will keep interest rates unchanged in January is 97.2%.

According to CME's "FedWatch": The probability of the Fed cutting rates by 25 basis points in January is 2.8%, while the probability of keeping rates unchanged is 97.2%. The probability of a cumulative 25-basis-point rate cut by March is 26.8%, with a probability of keeping rates unchanged at 72.5%. The probability of a cumulative 50-basis-point rate cut is 0.7%.