The probability of the Fed cutting rates by 25 basis points in December is 70.3%.

According to the CME "Fed Watch", the probability that the Fed will maintain current interest rates unchanged in December is 29.7%, and the probability of a cumulative 25 basis point cut is 70.3%. The probability of maintaining current interest rates unchanged in January next year is 22.0%, the probability of a cumulative 25 basis point cut is 59.9%, and the probability of a cumulative 50 basis point cut is 18.0%.