The probability of the Federal Reserve cutting interest rates by 25 basis points in December has dropped to 31.8%.

According to CME's "Fed Watch", the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 31.8%, while the probability of keeping rates unchanged is 68.2%. Previously, the US Bureau of Labor Statistics cancelled the release of the October nonfarm payrolls report, stating that it will be combined with the November data.