CME "Fed Watch": The probability of the Fed lowering interest rates by 25 basis points in December is 86.4%

[CME “Fed Watch”: The probability of the Fed lowering the interest rate by 25 basis points in December is 86.4%] According to CME “Fed Watch”: The probability of the Fed lowering the interest rate by 25 basis points in December is 86.4%, while the probability of keeping the interest rate unchanged is 13.6%. The cumulative probability of the Fed lowering the interest rate by 25 basis points by January next year is 67.1%, with a probability of 10% for keeping the interest rate unchanged, and a cumulative probability of 23% for lowering it by 50 basis points.