On January 14th, Jinshi data: According to CME's 'Fed Watch': the probability of the Fed maintaining the Intrerest Rate in January is 97.3%, and the probability of a 25 basis point rate cut is 2.7%. The probability of maintaining the current Intrerest Rate in March is 79.8%, the cumulative probability of a 25 basis point rate cut is 19.7%, and the cumulative probability of a 50 basis point rate cut is 0.5%.