The probability of the Federal Reserve cutting interest rates by 25 basis points in January next year is 19.9%.

According to CME "Fed Watch": The probability of the Fed cutting rates by 25 basis points in January 2026 is 19.9%, maintaining rates unchanged at 44.7%, the probability of keeping rates unchanged is 47.1%, and the probability of cumulative rate cuts of 50 basis points is 8.2%.