The probability of a 25 basis point rate cut by the Federal Reserve in December reaches 89.2%

According to ChainCatcher, citing Jinse Finance, CME "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 89.2%, while the probability of keeping rates unchanged is 10.8%. By January next year, the probability of a cumulative 25 basis point rate cut is 66.6%, the probability of keeping rates unchanged is 7.7%, and the probability of a cumulative 50 basis point rate cut is 25.7%.