The probability that the Fed will cut interest rates by 25 basis points in December is 62.8 per cent

According to the CME ‘Fed Watch’, the probability that the Fed will keep the current rate unchanged by December is 37.2%, the probability of a cumulative 25 basis points of interest rate cuts is 62.8%. The probability of keeping current rates unchanged by January next year is 28.4%, the probability of a cumulative rate cut of 25 basis points is 56.8%, and the probability of a cumulative rate cut of 50 basis points is 14.8%.