The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 55.9%.

According to CME's "Fed Watch", the probability that the Fed will maintain the current interest rate unchanged by December is 44.1%, and the probability of a cumulative interest rate cut of 25 basis points is 55.9%. The probability of maintaining the current interest rate unchanged by January next year is 33.7%, the probability of a cumulative interest rate cut of 25 basis points is 53.1%, and the probability of a cumulative interest rate cut of 50 basis points is 13.2%.