After the non-farm payroll announcement, the probability of the Federal Reserve cutting interest rates in March significantly decreased

On January 10, according to CME's "Federal Reserve Watch": The probability of the Federal Reserve maintaining the interest rate in January is 97.3%, and the probability of a decrease by 25 basis points is 2.7%. By March, the probability of maintaining the current interest rate remains at 74.0% (59.6% before non-farm), with an accumulated chance of a reduction by 25 basis points being at 25.4% (37.9% before non-farm), and an accumulated chance for a reduction by 50 basis points being at only 0.6% (2.5% before non-farm).