Predictions Vary on Federal Reserve's December Rate Decision

According to Odaily, there are differing predictions regarding the Federal Reserve's potential interest rate changes in December. On the Polymarket platform, the probability of a 25 basis point rate cut is currently at 73%, while the likelihood of maintaining the current rate stands at 25%. In contrast, the CME's FedWatch tool indicates a 66.9% probability of a 25 basis point rate cut and a 33.1% chance of no change. The CME FedWatch tool bases its predictions on insights from professional interest rate traders. Meanwhile, Polymarket's forecasts reflect the collective outcomes of various traders placing real bets on the platform.