98.6% probability that the Fed will cut interest rates by 25 basis points in December

The probability of the Fed leaving current rates unchanged by December is 1.4%, with a 98.6% probability of a cumulative 25 basis point cut. The probability of keeping current rates unchanged through January next year is 1.1 per cent, with a 79.9 per cent probability of a cumulative 25 basis point cut and a 19 per cent probability of a cumulative 50 basis point cut.