Possibly the “last cut” before Trump 2.0, with a 94.7% probability of a 25 basis point rate cut in December
According to the CME “Fed Watch” data from December 12, there are 6 days left until the next FOMC meeting (Thursday, December 19, 2024 at 3:00 AM). The probability of a 25 basis point rate cut by the Federal Reserve in December is currently 94.7%, while the probability of keeping rates unchanged between 4.75% and 5.00% is 5.3%.