The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 94.7%.

According to CME's "Fed Watch", the probability that the Fed will maintain the current interest rate unchanged by December is 5.3%, and the probability of a cumulative interest rate cut of 25 basis points is 94.7%. The probability of maintaining the current interest rate unchanged by January next year is 4.1%, the probability of a cumulative interest rate cut of 25 basis points is 73.7%, and the probability of a cumulative interest rate cut of 50 basis points is 22.3%.