Federal Reserve December Rate Cut Probability at 70.1%

According to Odaily, the CME's FedWatch tool indicates a 70.1% probability that the Federal Reserve will cut interest rates by 25 basis points in December. The likelihood of maintaining the current rate is 29.9%. Looking ahead to January, there is a 55.8% chance of a cumulative 25 basis point rate cut, a 19.3% probability of no change, and a 24.8% chance of a cumulative 50 basis point reduction.