Federal Reserve's January Rate Cut Probability Assessed

According to PANews, CME's "FedWatch" tool indicates a 21% probability of a 25 basis point rate cut by the Federal Reserve in January next year, while the likelihood of maintaining the current rate stands at 79%. By March, the probability of a cumulative 25 basis point rate cut increases to 47.1%, with a 43.4% chance of rates remaining unchanged and a 9.5% probability of a cumulative 50 basis point cut.