The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 87%, and the probability of a rate cut in January next year is 64.1%

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 87%, while the probability of keeping rates unchanged is 13%. By January next year, the cumulative probability of a 25 basis point rate cut is 64.1%, the probability of keeping rates unchanged is 9%, and the cumulative probability of a 50 basis point rate cut is 27%.