Before the release of ADP data, the probability of the Federal Reserve cutting interest rates by 25 basis points in December was 89.2%.

On December 3, according to CME's "Fed Watch," before today's ADP data release, the probability of the Federal Reserve cutting interest rates by 25 basis points in December was 89.2%, while the probability of holding rates steady was 10.8%.

The probability of the Federal Reserve cumulatively cutting rates by 25 basis points by January next year was 66.6%, the probability of maintaining rates unchanged was 7.7%, and the probability of a cumulative 50 basis point cut was 25.7%.

[BlockBeats]