The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 51.6%, and the probability of a rate cut in January next year is 50.3%

According to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 51.6%, while the probability of maintaining the current rate is 48.4%. By January next year, the cumulative probability of a 25 basis point cut is 50.3%, the probability of keeping the rate unchanged is 29.1%, and the cumulative probability of a 50 basis point cut is 20.6%.