Federal Reserve's Interest Rate Projections for Early Next Year

According to ChainCatcher, ahead of the Consumer Price Index (CPI) release, CME's "FedWatch" tool indicates a 5% probability of a 25 basis point interest rate cut by the Federal Reserve in January next year, with a 95% chance of maintaining the current rate. By March, the likelihood of a cumulative 25 basis point cut rises to 24.3%, while the probability of rates remaining unchanged is 74.6%. There is a 1.1% chance of a cumulative 50 basis point cut by that time.