The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 70.6%, and the probability of a rate cut in January next year is 54.2%

According to Jinshi News, CME's "Fed Watch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 70.6%, while the probability of maintaining the current rate is 29.4%. By January next year, the cumulative probability of a 25 basis point cut is 54.2%, the probability of keeping the rate unchanged is 17.7%, and the cumulative probability of a 50 basis point cut is 28.2%.