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The probability of the Fed cutting rates by 25 basis points in December is 55.9%.

According to the CME "Fed Watch", the probability that the Fed will maintain current interest rates unchanged in December is 44.1%, and the probability of a cumulative 25 basis point cut is 55.9%. The probability of maintaining current interest rates unchanged in January next year is 33.7%, the probability of a cumulative 25 basis point cut is 53.1%, and the probability of a cumulative 50 basis point cut is 13.2%.