The probability of the Fed lowering interest rates by 25 basis points in December is 39.6%.

According to CME's "Fed Watch": the probability of the Fed cutting rates by 25 basis points in December is 39.6%, while the probability of maintaining the interest rate is 60.4%. The probability of the Fed cumulatively cutting rates by 25 basis points by January next year is 50.2%, with a probability of 29.7% for maintaining the interest rate, and a probability of 20.2% for a cumulative cut of 50 basis points.