[The Probability of the Fed Keeping Rates Unchanged in January Rises to 95%] U.S. labor data has sparked Wall Street debates over economic overheating and cooling. December job growth fell short of expectations, and historical data was revised downward, but the unemployment rate dropped more than expected, and wage growth increased. The CME FedWatch tool shows the probability of the Fed keeping rates unchanged in January has risen from 88% to 95%.