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The probability of the Fed cutting interest rates by 25 basis points in December has dropped to 30%.
[The probability of the Fed cutting interest rates by 25 basis points in December drops to 30%] According to CME's “Fed Watch”: the probability of the Fed cutting interest rates by 25 basis points in December is 32.7% (the probability yesterday was 48.9%), while the probability of maintaining the interest rate is 67.3%. The cumulative probability of the Fed cutting rates by 25 basis points by January next year is 49.9%, with a 33.8% probability of keeping the rates unchanged, and a 16.3% probability of a cumulative cut of 50 basis points.