According to Odaily, the CME's "FedWatch" tool indicates a 44.1% probability that the Federal Reserve will maintain its current interest rates through December. Meanwhile, there is a 55.9% chance of a cumulative 25 basis point rate cut by the end of the year.
Looking ahead to January, the likelihood of the Federal Reserve keeping the current rates unchanged drops to 33.7%. The probability of a cumulative 25 basis point rate cut increases to 53.1%, while there is a 13.2% chance of a cumulative 50 basis point reduction. These projections reflect market expectations and economic forecasts as the Federal Reserve navigates its monetary policy decisions.