The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 42.9%.

According to CME's "FedWatch," the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 42.9%, while the probability of keeping rates unchanged is 57.1%. The probability of the Fed cutting rates by a cumulative 25 basis points by January next year is 48.2%, the probability of keeping rates unchanged is 35.6%, and the probability of a cumulative 50 basis point rate cut is 16.1%.