[Probability of a 25 basis point rate cut by the Federal Reserve in December is 44.4%]
CME 'FedWatch' data shows that the probability of the Federal Reserve cutting rates by 25 basis points in December is 44.4%, while the probability of maintaining rates unchanged is 55.6%. By January next year, the probability of the Federal Reserve cumulatively cutting rates by 25 basis points is 48.6%, the probability of maintaining rates unchanged is 34.7%, and the probability of cumulatively cutting rates by 50 basis points is 16.7%.