TechFlow, Dec 7 — According to CME's "Fed Watch" data, the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 86.2%, while the probability of holding rates steady is 13.8%.
The Federal Reserve will announce its interest rate decision for the week ending December 10 at 3:00 a.m. Beijing time on Thursday, December 11. The expected rate is 3.75%, compared to the previous rate of 4.00%. At 3:30 a.m., Fed Chair Powell will hold a monetary policy press conference.
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