Probability of Fed December Rate Cut Increases Again

BlockBeats News, November 7th, according to CME's "FedWatch" data, the probability of a 25 basis point Fed rate cut in December has risen to 67.1%, up from 62% yesterday, while the probability of unchanged rates is 32.9%.

In addition, on Polymarket, the probability of a 25 basis point Fed rate cut in December has risen to 73%, up from 65% yesterday.