The probability of the Fed lowering interest rates by 25 basis points in December is 59.4%.

According to CME's "FedWatch": The probability of the Fed lowering interest rates by 25 basis points in December is 59.4%, while the probability of keeping rates unchanged is 40.6%. The probability of the Fed lowering rates by a total of 25 basis points by January next year is 51.5%, the probability of keeping rates unchanged is 23.5%, and the probability of a total decrease of 50 basis points is 25%.