Federal Reserve's December Rate Cut Probability Assessed

According to PANews, the CME's 'FedWatch' tool indicates a 69.8% probability of a 25 basis point rate cut by the Federal Reserve in December. The likelihood of maintaining the current interest rate stands at 30.2%. Looking ahead to January, there is a 56.6% chance of a cumulative 25 basis point rate cut, a 20.2% probability of no change, and a 23.2% chance of a cumulative 50 basis point reduction.