The chance of a 25 bps interest rate cut at the next FOMC meeting is 98.6%

The CME FedWatch tool showed a 98.6% chance that the FOMC would recommend a 25 bps interest rate cut at the upcoming two-day December meeting. Chances of a rate cut continued to rise despite November’s high inflation report. source: https://www.cryptopolitan.com/chance-of-25-bps-rate-cut-fomc-meeting/