Federal Reserve December Rate Cut Probability Rises to 71.3%

According to BlockBeats, data from CME's 'FedWatch' indicates that the probability of a 25 basis point rate cut by the Federal Reserve in December has increased to 71.3%. This follows a dovish stance from several Fed officials, which has reignited bets on a rate cut that previously fell below 30%. The likelihood of maintaining the current rate in December stands at 8.2%. The probability of the Federal Reserve keeping rates unchanged until January 2026 is 19.2%, while the cumulative probability of a 25 basis point rate cut is 57.1%, and a 50 basis point cut is 23.7%. The upcoming Federal Open Market Committee (FOMC) meetings are scheduled for December 10 and January 28, 2026.