The probability of a 25 basis point rate cut by the Fed in December before ADP is released is 89.2%

According to CME's "Fed Watch": The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 89.2%, while the probability of holding rates steady is 10.8%. The probability of the Fed cumulatively cutting rates by 25 basis points by January next year is 66.6%, the probability of maintaining current rates is 7.7%, and the probability of a cumulative 50-basis-point cut is 25.7%. (Golden Ten)

[Odaily]