Ok, first thank you for asking and rating.

The 5.9% is the probability of no rate hike (0.75) + the probability of a minimum rate cut (0.75 mius 0.25=0.50)

They don't put the 0.25_0.50 range because nobody expect rate cuts so you can assume that the 5.9% totally includes a "no hikes during the year" (so the probability of "one minimum cut to 0.50" is 0%)

You rightly observed that this probability has increased from 5.3 to 5.9 and I anticipate this number to grow to 100% or close to (in correlation with markets crashing)

Just lol was because "markets" @ this point are saying (the fed makes them say) that the biggest probability for the year end is a rate between 1% and 1.25%.

If it's not, then, the second biggest probabiliy is a rate of 1.25% to 1.50% (lol).

If it's not, then, etc...

Hope my english is understandable, I'm French and I do my best.

I'll answer the best I can @ your questions, I'm glad to do it so don't hesitate

What exactly do you mean by "Just LOL" ? And please assume that I need a full and detailed explanation, don't just

make jumps in your logic (for both my benefit and that of other readers).

BTW, thank you for introducing me to this FedWatch tool.....I sense that you are on to something..... 1/22/17