The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 48.9%.

According to CME's "FedWatch": The probability of the Fed cutting rates by 25 basis points in December is 48.9%, while the probability of keeping rates unchanged is 51.1%. The probability of the Fed cutting rates by a total of 25 basis points by January next year is 49.7%, the probability of keeping rates unchanged is 31.9%, and the probability of the Fed cutting rates by a total of 50 basis points is 18.4%.