The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 69.8%.

According to CME's "FedWatch," the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 69.8%, while the probability of keeping rates unchanged is 30.2%. The probability of the Fed cumulatively cutting rates by 25 basis points by January next year is 56.6%, the probability of keeping rates unchanged is 20.2%, and the probability of a cumulative rate cut of 50 basis points is 23.2%.