[Probability of a 25 basis point rate cut by the Fed in December is 69.4%] CME 'FedWatch' data shows that the probability of the Federal Reserve cutting rates by 25 basis points in December is 69.4%, while the probability of maintaining rates unchanged is 30.6%. By January next year, the cumulative probability of a 25 basis point rate cut is 56.9%, the probability of maintaining rates unchanged is 20.8%, and the cumulative probability of a 50 basis point rate cut is 22.3%.