The probability that the Fed will cut rates by 25 basis points in December is 59.1%

The probability of the Fed leaving current rates unchanged by December is 40.9%, with a cumulative probability of a 25 basis point cut at 59.1%. The probability of keeping current rates unchanged by January next year is 30.4%, the probability of a cumulative 25 basis point cut is 54.5%, and the probability of a cumulative 50 basis point cut is 15.2%.