The probability of the Federal Reserve cutting interest rate by 25BP in December drops to 58.7%
According to online reports, according to CME's "Federal Reserve Observation", the probability that the Federal Reserve will keep current interest rates unchanged by December is 41.3%, and the probability of a cumulative interest rate cut by 25 basis points is 58.7%. The probability of keeping current interest rates unchanged by January next year is 29%, the probability of a cumulative interest rate cut of 25 basis points is 53.6%, and the probability of a cumulative interest rate cut of 50 basis points is 17.6%. Powell made hawkish remarks early this morning about "not rushing to cut interest rates."
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