The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 66.6%.

According to CME's "FedWatch": The probability of the Fed cutting interest rates by 25 basis points in December is 66.6%, while the probability of keeping rates unchanged is 33.4%. The probability of the Fed cumulatively cutting rates by 25 basis points by January of next year is 53.4%, with a 20.1% probability of keeping rates unchanged, and a 26.6% probability of cumulatively cutting rates by 50 basis points.