According to CME FedWatch data, the probability of the Federal Reserve cutting interest rates by 25 basis points in January next year is 24.4%, while the probability of maintaining the current rate is 75.6%. The probability of holding rates steady until March next year is 50.5%, with a 41.4% chance of a cumulative 25 basis point cut and an 8.1% chance of a cumulative 50 basis point cut. The dates for the next two FOMC meetings are January 28, 2026, and March 18, 2026.