The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 87.4%

According to Jinshi reports, CME's "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 87.4%, while the probability of keeping rates unchanged is 12.6%. By January next year, the cumulative probability of a 25 basis point cut is 67.5%, the probability of keeping rates unchanged is 9.2%, and the cumulative probability of a 50 basis point cut is 23.2%.