CME Fed Watch: The probability of the Fed keeping interest rates unchanged in December is 90.4%

According to CME's "Fed Watch": the probability that the Federal Reserve will keep interest rates unchanged in the range of 5.25%-5.50% in December is 90.4%, and the probability of raising interest rates by 25 basis points to the range of 5.50%-5.75% is 9.6%. The probability of keeping interest rates unchanged by January next year is 82.9%, the probability of a cumulative 25 basis point interest rate hike is 16.3%, and the cumulative probability of a 50 basis point interest rate hike is 0.8%.