The probability of the Fed cutting rates by 25 basis points in December is 71%.

According to the CME "Fed Watch", the probability that the Fed will maintain current interest rates unchanged in December is 29%, and the probability of a cumulative 25 basis point cut is 71%. The probability of maintaining current interest rates unchanged in January next year is 16.6%, the probability of a cumulative 25 basis point cut is 53%, and the probability of a cumulative 50 basis point cut is 30.4%.