The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 66.0%

On December 2, according to CME "Fed Watch": The probability of the Federal Reserve maintaining the current interest rate until December is 34.0%, and the cumulative probability of a rate cut by 25 basis points is 66.0%. The probability of maintaining the current interest rate until January next year is 25.2%, with a cumulative chance of a rate cut by 25 basis points at 57.8% and a cumulative chance for a reduction by 50 basis points at 16.9%.