CME's FedWatch Tool: 81% probability of a 25 basis point rate cut by the Federal Reserve in December.

According to CME's "FedWatch," the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 81% (69.4% yesterday), while the probability of keeping rates unchanged is 19%. The probability of the Fed cutting rates by a cumulative 25 basis points by January next year is 65.2%, the probability of keeping rates unchanged is 14.1%, and the probability of a cumulative 50 basis point rate cut is 20.6%. (Jinshi)