Market Bets on December Rate Cut by Fed: Analysis Reveals High Probability

The market anticipates a significant shift as the Federal Reserve is poised for a potential rate cut on December 10th, according to PANews analysis. Matrixport’s research reveals an 84% probability of this move based on federal funds futures data. However, there’s also a 65% chance that rates will remain unchanged in January. Despite these possibilities, the overall monetary policy is anticipated to be moderately supportive. This expectation differs from Bitcoin which relies more heavily on inflows and hasn’t yet seen significant new capital, resulting in a distinct performance divergence between gold and Bitcoin.