The probability of the Federal Reserve cutting interest rates in February next year is 10.3%

According to CME's "Fed Watch", the probability of the Federal Reserve maintaining interest rates in the range of 5.25%-5.50% in February next year is 89.7%, and the probability of a rate cut by 25 basis points is 10.3%. The likelihood of keeping interest rates unchanged until March next year is at 30.5%, with a cumulative chance for a rate cut by 25 basis points at 62.7%, and a cumulative chance for a rate cut by 50 basis points at 6.8%.