The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 39.6%.

According to CME's "FedWatch," the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 39.6%, while the probability of keeping rates unchanged is 60.4%. The probability of the Fed cumulatively cutting rates by 25 basis points by January next year is 50.2%, the probability of keeping rates unchanged is 29.7%, and the probability of cumulative rate cuts of 50 basis points is 20.2%.