Before the release of the US CPI: the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 62.1%
According to the CME "Fed Watch", the probability of the Fed maintaining current interest rates unchanged in December is 37.9%, and the probability of cutting interest rates by 25 basis points is 62.1%. The probability of maintaining current interest rates unchanged in January next year is 26.5%, and the probability of reducing interest rates by 25 basis points is 54.9%. The probability of reducing interest rates by 50 basis points is 18.6%.