The probability of the Fed cutting rates by 25 basis points in December is 62.1 per cent

According to the CME ‘Fed Watch’, the probability that the Fed will keep current rates unchanged by December is 37.9%, the probability of a cumulative 25 basis points of interest rate cuts is 32.1%. The probability of keeping current rates unchanged by January next year is 26.5%, the probability of a cumulative rate cut of 25 basis points is 54.9%, and the probability of a cumulative rate cut of 50 basis points is 18.6%.