There is a 98.4% chance that the Fed will raise rates by 25 basis points in February

According to CME “Fed Watch”: the probability of the Fed raising interest rates by 25 basis points in February to the range of 4.50%-4.75% is 98.4%, and the probability of maintaining interest rates unchanged is 1.6%; the probability of raising interest rates by 25 basis points by March is 15.5% %, the probability of a cumulative rate hike of 50 basis points is 84.2%, and the probability of a cumulative rate hike of 75 basis points is 0%.