The probability of the Fed lowering interest rates by 25 basis points in December is 87.6%.

According to CME's "Fed Watch": the probability of the Fed cutting rates by 25 basis points in December is 87.6%, while the probability of maintaining the current rate is 12.4%. The probability of the Fed cutting rates by a cumulative 25 basis points by January next year is 69.3%, with a 9.3% probability of keeping rates unchanged, and a 21.3% probability of a cumulative cut of 50 basis points.