After the release of the ADP data, the probability of the Federal Reserve cutting interest rates by 25 basis points in December slightly decreased to 88.8%.

On December 3, according to CME's "Fed Watch" data, after today's ADP data release, the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 88.8% (previously 89.2%), while the probability of holding rates steady is 11.2%.

The probability of the Federal Reserve maintaining rates unchanged until January is 29.5%, with a 63% chance of cumulative rate cuts of 25 basis points, and a 7.8% chance of cumulative rate cuts of 50 basis points.

The next two FOMC meetings are scheduled for December 10 and January 28, 2026.

[BlockBeats]