CME Data Indicates High Probability of Fed Rate Cut in December
According to ChainCatcher, CME's FedWatch tool reveals an 86.9% probability of a 25 basis point rate cut by the Federal Reserve in December, with a 13.1% chance of maintaining the current rate. By January next year, the likelihood of a cumulative 25 basis point cut stands at 67.3%, while the probability of keeping rates unchanged is 9.6%. Additionally, there is a 23.1% chance of a cumulative 50 basis point reduction.
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