The probability of the Federal Reserve cutting interest rates by 25 basis points in December has risen to 86.9%

According to Jinshi reports, the CME "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in December has risen to 86.9%, while the probability of keeping rates unchanged is 13.1%. By January next year, the cumulative probability of a 25 basis point cut is 67.3%, the probability of keeping rates unchanged is 9.6%, and the cumulative probability of a 50 basis point cut is 23.1%.