The probability of the Fed cutting interest rates by 25 basis points in December is 61.9%

According to CME's "Fed Watch": the probability that the Federal Reserve will keep current interest rates unchanged until December is 38.1%, and the probability of cutting interest rates by 25 basis points cumulatively is 61.9%. The probability of keeping current interest rates unchanged by January next year is 25.9%, the probability of a cumulative 25 basis point interest rate cut is 54.3%, and the probability of a cumulative 50 basis point interest rate cut is 19.8%.