According to the latest data from CME’s FedWatch tool, the probability that the Federal Reserve will keep interest rates unchanged in January next year has risen to around 86%.

Meanwhile, the chance of a 25 basis point rate cut stands at roughly 13%.

👉 Markets are signaling that the Fed is likely to stay in wait-and-see mode in January,

👉 Expectations for immediate rate cuts remain limited,

👉 Investor focus is shifting toward upcoming inflation and labor market data.

Overall, the status quo remains the dominant scenario, with low odds of any surprise move.