Fed signals one more rate cut in December, CME tool shows 96.9% probability
The Federal Reserve is expected to implement a quarter-point rate cut at its upcoming December meeting, lowering the benchmark rate to a range of 4.25% to 4.50%, according to a Bloomberg report.This anticipated move aligns with market expectations, as indicated by the CME FedWatch tool, which shows a 96.9% probability of the reduction. If implemented, it would mark a full percentage point...
