The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 96%

ChainCatcher news, according to CME's "FedWatch": The probability that the Federal Reserve will keep the current interest rate unchanged until December is 4.0%, while the probability of a cumulative rate cut of 25 basis points is 96%. The probability of maintaining the current interest rate until January next year is 3.2%, while the probability of a cumulative rate cut of 25 basis points is 78.3%, and the probability of a cumulative rate cut of 50 basis points is 18.5%.