Federal Reserve December Rate Cut Probability at 69.4%

According to BlockBeats, CME's FedWatch Tool indicates a 69.4% probability that the Federal Reserve will cut interest rates by 25 basis points in December, while the likelihood of maintaining the current rate stands at 30.6%. Looking ahead to January, there is a 56.9% chance of a cumulative 25 basis point rate cut, a 20.8% probability of no change in rates, and a 22.3% chance of a cumulative 50 basis point reduction.