The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 70.1%, and the probability of a rate cut in January next year is 55.8%

According to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 70.1%, while the probability of keeping rates unchanged is 29.9%. By January next year, the cumulative probability of a 25 basis point cut is 55.8%, the probability of keeping rates unchanged is 19.3%, and the cumulative probability of a 50 basis point cut is 24.8%.