[Probability of Fed Cutting Rates by 25 Basis Points in December Reaches 89%] CME 'FedWatch' data shows that the probability of the Federal Reserve cutting rates by 25 basis points in December is 89%, while the probability of maintaining rates unchanged is 11%. By January next year, the probability of the Fed cumulatively cutting rates by 25 basis points is 64.8%, maintaining rates unchanged is 7.6%, and cumulatively cutting rates by 50 basis points is 27.6%.