The probability of a 25 basis point rate cut by the Federal Reserve in December is now reported at 86.2%.
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TL;DR
CME FedWatch data indicates an 86.2% chance of a 25 basis point Fed rate cut in December, with the decision and Powell's press conference scheduled for early December 11th Beijing time.
According to Mars Finance, on December 7th, CME's "FedWatch" data showed an 86.2% probability of the Federal Reserve cutting interest rates by 25 basis points in December, and a 13.8% probability of keeping rates unchanged. The Federal Reserve will announce its interest rate decision for the period ending December 10th at 3:00 AM Beijing time on Thursday, December 11th, with an expected rate of 3.75%, compared to the previous value of 4.00%; at 3:30 AM, Federal Reserve Chairman Powell will hold a monetary policy press conference.