The probability of the Federal Reserve cutting interest rates by 25 basis points in December has risen to 80%.
According to Jinse Finance, CME "FedWatch" shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 82.9% (compared to 69.4% yesterday), while the probability of keeping rates unchanged is 17.1%. The probability of a cumulative 25 basis point rate cut by the Fed by January next year is 65.4%, the probability of keeping rates unchanged is 12.5%, and the probability of a cumulative 50 basis point rate cut is 22%.
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