The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 96%

On December 16, according to CME "Federal Reserve Watch": The probability of the Federal Reserve maintaining the current interest rate until December is 4.0%, and the cumulative probability of a rate cut by 25 basis points is 96%. The probability of maintaining the current interest rate until January next year is 3.2%, with a cumulative chance of a rate cut by 25 basis points at 78.3% and a cumulative chance for a reduction by 50 basis points at18.5%.