The probability of the Fed cutting rates by 25 basis points in December is 66.5 per cent

The probability that the Fed will leave current rates unchanged by December is 33.5 per cent, with a cumulative probability of a 25 basis point cut of 66.5 per cent. The probability of keeping current rates unchanged by January next year is 26.3%, the probability of a cumulative 25 basis point cut is 59.5%, and the probability of a cumulative 50 basis point cut is 14.2%.