Federal Reserve's Interest Rate Predictions for Early Next Year

According to ChainCatcher, CME's "FedWatch" tool indicates an 83.9% probability that the Federal Reserve will maintain its current interest rates in January next year, with a 16.1% chance of a 25 basis point rate cut. By March, the likelihood of a cumulative 25 basis point cut stands at 45.4%, while the probability of rates remaining unchanged is 47.7%. There is also a 6.9% chance of a cumulative 50 basis point reduction.