CME FedWatch “Fed 25bp rate cut in December 87.3% likely”

Traders are pricing in an 87.3% chance that the U.S. Federal Reserve (Fed) will cut its benchmark interest rate by 25 basis points at the December 18th FOMC meeting, according to CME Fedwatch. That's up about 21.3 percentage points from 66% a week ago. Traders also see a 12.7% chance of the Fed leaving rates unchanged at this meeting.

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