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CME "Fed Watch": The probability of the Fed reducing interest rates by 25 basis points in December is 74.7%.
[CME “Fed Watch”: The probability of the Fed lowering interest rates by 25 basis points in December is 74.7%] According to CME “Fed Watch”: The probability of the Fed lowering interest rates by 25 basis points in December is 74.7%, while the probability of maintaining the interest rate is 25.3%. The probability of the Fed cumulatively lowering interest rates by 25 basis points by January next year is 57.7%, with a probability of maintaining the interest rate at 16.6%, and the probability of cumulatively lowering by 50 basis points is 25.6%.