The probability that the Fed will cut rates by 25 basis points in December is 95.4 per cent

According to the CME ‘Fed Watch’, the probability that the Fed will keep the current rate unchanged by December is 4.6%, the probability of a cumulative 25 basis points of interest rate cut is 95.4%. The probability of keeping current rates unchanged by January next year is 3.8 per cent, the probability of a cumulative 25 basis point cut is 79.9 per cent, and the probability of a cumulative 50 basis point cut is 16.3 per cent.