Before the release of ADP data, the probability that the Fed will keep interest rates unchanged in January is 95.2%.

According to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged in January is 95.2%, and the probability of a 25 basis point rate cut is 4.8%. The probability of maintaining the current interest rate unchanged by March is 62.8%, the probability of a cumulative 25 basis point rate cut is 35.5%, and the probability of a cumulative 50 basis point rate cut is 1.6%. (Jinshi)