The probability of the Fed cutting interest rates by 25 basis points in December is 74%, which is consistent with the situation before the release of ADP data.

PANews reported on December 4 that according to CME's "Fed Watch", the probability of the Fed maintaining the current interest rate unchanged by December is 26%, and the probability of a cumulative interest rate cut of 25 basis points is 74%. The probability of maintaining the current interest rate unchanged by January next year is 19.9%, the probability of a cumulative interest rate cut of 25 basis points is 62.7%, and the probability of a cumulative interest rate cut of 50 basis points is 17.4%.