[Probability of Fed Cutting Rates by 25 Basis Points in December Rises to 81%] CME 'FedWatch' data shows that the probability of the Federal Reserve cutting rates by 25 basis points in December is 81% (compared to 69.4% yesterday), while the probability of maintaining rates unchanged is 19%. By January next year, the probability of the Fed cumulatively cutting rates by 25 basis points is 65.2%, maintaining rates unchanged is 14.1%, and cumulatively cutting rates by 50 basis points is 20.6%.