The probability of the Federal Reserve cutting interest rates in December has dropped to 32.7%, while the probability of maintaining the current rate is 67.3%

According to Jinshi reports, the CME "FedWatch" shows that the probability of a 25 basis point rate cut by the Federal Reserve in December has dropped to 32.7% (down from 48.9% yesterday), while the probability of keeping the rate unchanged is 67.3%. Additionally, the probability of a cumulative 25 basis point rate cut by the Federal Reserve by January next year is 49.9%, the probability of keeping the rate unchanged is 33.8%, and the probability of a cumulative 50 basis point rate cut is 16.3%.