The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 64.9%

According to CME "Fed Watch": The probability of the Federal Reserve maintaining the current interest rate until December is 35.1%, and the cumulative probability of a 25 basis point cut is 64.9%. The probability of maintaining the current interest rate until January next year is 22.4%, with a cumulative chance of a 25 basis point cut at 54.1% and a cumulative chance of a 50 basis point cut at 23.6%.