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TechFlow, Dec 9 - According to Jinshi Data, CME's "Fed Watch" data shows today that the probability of the Fed cutting interest rates by 25 basis points in December is 89.4%, while the probability of holding rates steady is 10.6%. The probability of a cumulative 25 basis point rate cut by January next year stands at 68.5%, a 7.8% chance of no change, and a 23.8% chance of a cumulative 50 basis point reduction.
According to Jinshi Data, today's CME "Fed Watch" data shows: There is an 89.4% probability the Federal Reserve will cut interest rates by 25 basis points in December, and a 10.6% probability of holding rates steady. By January next year, there is a 68.5% probability of a cumulative 25 basis point rate cut, a 7.8% probability of unchanged rates, and a 23.8% probability of a cumulative 50 basis point reduction.
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