Federal Reserve's December Rate Cut Probability Assessed

According to PANews, the CME's 'FedWatch' tool indicates a 67.8% probability of a 25 basis point rate cut by the Federal Reserve in December. The likelihood of maintaining the current interest rate stands at 32.2%. Looking ahead to January, the probability of a cumulative 25 basis point rate cut is 56%, while the chance of keeping rates unchanged is 21.5%. Additionally, there is a 22.5% probability of a cumulative 50 basis point rate cut by January.