Market News Today: Fed December Rate Cut Odds Collapse to 30% as Data Blackout and Market Fear Intensify

Odds of a Federal Reserve rate cut at the December FOMC meeting have plunged to 30%, sharply lower than the 50% probability seen just a day ago and far below the 98% conviction from one month earlier, according to CME’s FedWatch tool. The collapse comes amid a growing economic data blackout driven by the recent government shutdown and deep divisions within the central bank. What to KnowThe probability of a December Fed rate cut is now 30%, down from 50% last week and 98% in October. The Labor Department will not release October jobs data due to the government shutdown source: https://www.binance.com/en/square/post/32636479475993?utm_source=BinanceNewsRSS