The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 95.4%.

According to CME's "Fed Watch", the probability that the Fed will maintain the current interest rate unchanged by December is 4.6%, and the probability of a cumulative interest rate cut of 25 basis points is 95.4%. The probability of maintaining the current interest rate unchanged by January next year is 3.8%, the probability of a cumulative interest rate cut of 25 basis points is 79.9%, and the probability of a cumulative interest rate cut of 50 basis points is 16.3%.