Fed Rate Cut Probability Jumps to 50% as December Meeting Looms

The likelihood of the Federal Reserve implementing a rate cut at its December meeting has increased significantly, reaching beyond 50%, according to CME Group data. This surge in probability is largely fueled by recent weak U.S. jobs reports, potentially impacting both traditional and cryptocurrency markets. 50% chance reflects expectations that the Fed might reduce interest rates as early as next month. Cryptocurrency values could experience significant fluctuations in response to this policy shift.