The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 89.2%.

According to the CME "Fed Watch": The probability of the Fed cutting interest rates by 25 basis points in December is 89.2%, while the probability of keeping rates unchanged is 10.8%. The probability of the Fed cutting interest rates by a total of 25 basis points by January next year is 66.6%, with the probability of keeping rates unchanged at 7.7% and the probability of a total cut of 50 basis points at 25.7%.