The probability of the Fed cutting rates by 25 basis points in December is 85.8 per cent

The probability of the Fed leaving current rates unchanged by December is 14.2%, with a cumulative probability of a 25 basis point cut at 85.8%. The probability of keeping current rates unchanged by January next year is 10.5 per cent, the probability of a cumulative 25 basis point cut is 67.5 per cent and the probability of a cumulative 50 basis point cut is 22 per cent.