Odaily Planet Daily News According to CME Fedwatch data, after the Fed cut interest rates by 50 basis points in September, the federal funds futures interest rate market expected the probability of the Fed further cutting interest rates by 175 basis points or more by June next year to surge to 77%. Traders now believe that the probability of the Fed cutting interest rates sharply again during this period has returned to zero. The Fed's past forecasts have been terrible. Skeptics, including Wall Street Journal columnist James Mackintosh, point out that Fed policymakers are widely divided on where interest rates will eventually stay. (Jinshi)