Ahead of the non-farm payrolls report, the probability of a 25 basis point rate cut by the Federal Reserve in December was 29.8%.

According to CME's "FedWatch": the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 29.8%, and the probability of keeping rates unchanged is 70.2%. The probability of the Fed cutting rates by a cumulative 25 basis points by January next year is 49.5%, the probability of keeping rates unchanged is 36.0%, and the probability of a cumulative 50 basis point rate cut is 14.5%. (Jinshi)