The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 89.2%

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 89.2%, while the probability of keeping rates unchanged is 10.8%. By January next year, the cumulative probability of a 25 basis point rate cut is 66.6%, the probability of keeping rates unchanged is 7.7%, and the cumulative probability of a 50 basis point rate cut is 25.7%.