Fed Rate Cut Odds Climb to 69.4%, Probability Shifts Toward December Action

New data from CME’s FedWatch Tool indicates that the probability of the Federal Reserve cutting interest rates by 25 basis points in December stands at a significant 69.4%. This marks an increase compared to the likelihood of maintaining the current rate, which is currently projected at just 30.6%. Looking ahead, forecasts suggest a cumulative 25 basis point rate cut could be likely in January, with 56.9% probability.