The probability of a Federal Reserve rate cut in December has dropped to 32.7%, while the probability of maintaining current rates is 67.3%.
ChainCatcher news, according to Golden Ten Data, CME "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in December has dropped to 32.7% (down from 48.9% yesterday), while the probability of keeping rates unchanged is 67.3%. In addition, the probability of the Federal Reserve cumulatively cutting rates by 25 basis points by January next year is 49.9%, the probability of keeping rates unchanged is 33.8%, and the probability of cumulatively cutting rates by 50 basis points is 16.3%.
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