The probability of the Federal Reserve cutting rates by 25 basis points in December is 74%, consistent with the ADP data announcement.

CoinVoice has learned that, according to Jinshi reports and CME's "Federal Reserve Watch": the probability of the Federal Reserve maintaining the current interest rate unchanged until December is 26%, while the probability of a cumulative rate cut of 25 basis points is 74%. The probability of maintaining the current interest rate unchanged until January next year is 19.9%, while the probability of a cumulative rate cut of 25 basis points is 62.7%, and the probability of a cumulative rate cut of 50 basis points is 17.4%. [Original link]