The probability of the Fed cutting rates by 25 basis points in December is 62.8%.
According to the CME "Fed Watch", the probability that the Fed will maintain current interest rates unchanged in December is 37.2%, and the probability of a cumulative 25 basis point cut is 62.8%. The probability of maintaining current interest rates unchanged in January next year is 28.4%, the probability of a cumulative 25 basis point cut is 56.8%, and the probability of a cumulative 50 basis point cut is 14.8%.