Federal Reserve's December Rate Cut Probability at 87%

According to PANews, the CME's "FedWatch" tool indicates an 87% probability that the Federal Reserve will cut interest rates by 25 basis points in December. The likelihood of maintaining the current rate is at 13%. Looking ahead to January, the probability of a cumulative 25 basis point rate cut stands at 64. 1%, while the chance of keeping rates unchanged is 9% source: https://www.binance.com/en/square/post/33279701283722?utm_source=BinanceNewsRSS