The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 55.9%

According to CME's "Fed Watch", the probability of the Federal Reserve maintaining the current interest rate until December is 44.1%, and the cumulative probability of a 25 basis point cut is 55.9%. The probability of maintaining the current interest rate until January next year is 33.7%, with a cumulative chance of a 25 basis point cut at 53.1% and a cumulative chance of a 50 basis point cut at 13.2%.