[Probability of Fed Rate Cut in December Reaches 70.6%] According to data from the CME 'FedWatch' tool, the probability of the Federal Reserve cutting interest rates by 25 basis points in December this year is 70.6%, while the probability of maintaining the current interest rate level is 29.4%. Additionally, by January 2026, the probability of the Fed cumulatively cutting rates by 25 basis points is 54.2%, the probability of keeping rates unchanged is 17.7%, and the probability of cumulatively cutting rates by 50 basis points is 28.2%. These figures reflect the market's changing expectations regarding the Fed's policy direction.