The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 84.9%, and the probability of a rate cut in January next year is 66.4%

According to Jinshi News, CME's "Fed Watch" shows that the probability of the Federal Reserve cutting rates by 25 basis points in December is 84.9%, while the probability of keeping rates unchanged is 15.1%. By January next year, the cumulative probability of a 25 basis point rate cut is 66.4%, the probability of keeping rates unchanged is 11.1%, and the cumulative probability of a 50 basis point rate cut is 22.6%.