The probability of the Federal Reserve cutting interest rates by 25 basis points in December has increased to 87.4%.

According to CME's "Fed Watch": The probability of the Fed cutting interest rates by 25 basis points in December is 87.4%, while the probability of keeping rates unchanged is 12.6%. The probability of the Fed cutting interest rates by a total of 25 basis points by January next year is 67.5%, keeping rates unchanged is 9.2%, and the probability of the Fed cutting interest rates by a total of 50 basis points is 23.2%.