Federal Reserve's Interest Rate Projections for Early 2024

According to Odaily, the CME's "FedWatch" tool indicates a 91.4% probability that the Federal Reserve will maintain its current interest rates in January next year, with an 8.6% chance of a 25 basis point rate cut. By March, the likelihood of keeping the rates unchanged stands at 52.1%, while the probability of a cumulative 25 basis point cut is 44.2%, and a 50 basis point cut is 3.7%.