Before the release of the ADP report: The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 89.2%.

According to CME's "FedWatch": the probability of the Fed lowering 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 lowering rates by a total of 25 basis points by January next year is 66.6%, keeping rates unchanged is 7.7%, and the probability of a total rate cut of 50 basis points is 25.7%.