ChainCatcher news, according to Jin Shi reports, LBBW analyst Elmar Voelker stated in a report that the Federal Reserve's interest rate decision at next week's meeting is not as clear-cut as the forward rates suggest.

"In our view, the recently released U.S. macroeconomic data does not provide a clear template for the upcoming interest rate decision," said the senior fixed income analyst. Voelker mentioned that from the perspective of bond market participants, there is not much difference between "a rate cut in December and indicating a pause in January" and "a pause in December and indicating a rate cut in January."

Data from LSEG shows that the money market believes there is a 94% chance the Federal Reserve will cut rates by 25 basis points next week, while the probability of keeping rates unchanged is 6%.