Federal Reserve's December Rate Cut Probability Rises to 86.4%
According to BlockBeats, data from CME's 'FedWatch' indicates an 86.4% probability of a 25 basis point rate cut by the Federal Reserve in December, while the likelihood of maintaining the current rate stands at 13.6%. This high probability has persisted since the unexpected drop in U.S. initial jobless claims on November 26. Looking ahead to January 2026, the probability of the Federal Reserve keeping rates unchanged is 10%, with a cumulative 25 basis point rate cut probability at 67% and a 50 basis point cut at 23%. The upcoming Federal Open Market Committee (FOMC) meetings are scheduled for December 10 and January 28, 2026. #CPIWatch #USJobsData #IPOWave
Swiss Banks Complete DLT Pilot for Real-Time Settlements.
According to ChainCatcher, Swiss crypto bank Amina Bank, in collaboration with Crypto Finance Group and its partner banks, has successfully completed a distributed ledger technology (DLT) pilot using Google Cloud Universal Ledger. This initiative enables near real-time, 24/7 fiat currency settlements between Swiss regulated banks. The pilot did not introduce any new digital currencies but continued to use traditional commercial bank funds. This demonstrates that DLT technology can seamlessly integrate with traditional banking systems within existing regulatory and compliance frameworks. Officials stated that this achievement lays the groundwork for future advancements in 'cross-border payments,' 'multi-currency settlements,' and 'point-of-sale (POS) integrated payments,' indicating a potential transformation of the traditional financial system towards Web3 and blockchain infrastructure.
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