71% probability that the Fed will cut rates by 25 basis points in December

The probability of the Fed leaving current rates unchanged by December is 29%, with a cumulative probability of a 25 basis point cut at 71%. The probability of keeping current rates unchanged by January next year is 16.6 per cent, the probability of a cumulative 25 basis point cut is 53 per cent and the probability of a cumulative 50 basis point cut is 30.4 per cent.