CME FedWatch Shows 87.6% Chance of December Rate Cut Impacting Crypto Markets

Market analysts are increasingly confident that the U.S. Federal Reserve will make a rate cut in December, with CME FedWatch tool reporting an 87.6% probability of a 25 basis point reduction. This heightened expectation is influencing crypto markets, as investors show increased risk appetite through leveraged positions and price trends. The likelihood of a rate cut has risen from 87.4% to 87.6%, according to the latest FedWatch data. Despite not receiving official confirmation from the Federal Reserve, this sentiment indicates anticipation for a shift toward looser monetary policy.