The probability of the Federal Reserve lowering interest rates by 25 basis points in December is 87.6%

According to Jinshi News, CME's "Fed Watch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 87.6%, while the probability of keeping rates unchanged is 12.4%. By January next year, the cumulative probability of a 25 basis point cut is 69.3%, the probability of keeping rates unchanged is 9.3%, and the cumulative probability of a 50 basis point cut is 21.3%.