The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 89.4%

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 89.4%, while the probability of keeping rates unchanged is 10.6%. By January next year, the cumulative probability of a 25 basis point cut is 68.5%, the probability of keeping rates unchanged is 7.8%, and the cumulative probability of a 50 basis point cut is 23.8%.