On December 3, according to CME's "Fed Watch," before the release of today's ADP data, the probability of the Fed cutting interest rates by 25 basis points in December is 89.2%, and the probability of maintaining the current interest rate is 10.8%.
The probability of the Fed cumulatively cutting interest rates by 25 basis points by January next year is 66.6%, the probability of maintaining the current interest rate is 7.7%, and the probability of a cumulative rate cut of 50 basis points is 25.7%.[律动]