CME predicts the probability of a 25 basis point rate cut by the Federal Reserve in December is 70.6%
According to ChainCatcher, CME's "Fed Watch" shows that the probability of a 25 basis point rate cut by the Federal Reserve in December is 70.6%, while the probability of maintaining the current interest rate is 29.4%. By January next year, the cumulative probability of a 25 basis point rate cut is 54.2%, while the probability of keeping the interest rate unchanged is 17.7%, and the cumulative probability of a 50 basis point rate cut is 28.2%.
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