The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 89%, and the probability of a rate cut in January next year is 64.8%

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 89%, while the probability of keeping rates unchanged is 11%. By January next year, the cumulative probability of a 25 basis point rate cut is 64.8%, the probability of keeping rates unchanged is 7.6%, and the cumulative probability of a 50 basis point rate cut is 27.6%.