The probability of the Fed cutting rates by 25 basis points in December is 70.1 per cent

According to the CME ‘Fed Watch’, the probability that the Fed will keep the current rate unchanged in December is 29.9%, the probability of a cumulative 25 basis points of interest rate cuts is 70.1%. The probability of keeping current rates unchanged by January next year is 21.6%, the probability of a cumulative rate cut of 25 basis points is 58.9%, and the probability of a cumulative rate cut of 50 basis points is 19.5%.