According to the most recent data from the Chicago Mercantile Exchange's "Fed Watch" tool on January 29, there is a significant likelihood that the Federal Reserve will maintain its current interest rates in February.
The tool, which predicts the outcomes of Federal Open Market Committee (FOMC) meetings, puts the probability of the Fed holding interest rates steady at the range of 5.25% - 5.50% in February at 97.9%. The chances of a rate cut by 25 basis points were indicated to be just 2.1%.