NEW YORK — Market expectations for an interest-rate cut at the Federal Reserve’s upcoming meeting have surged sharply, despite divided views among central bank officials ahead of the December decision.
According to the CME Group’s FedWatch Tool, the probability of a rate cut during the Fed’s December 9–10 meeting has climbed to 86.9%, compared with only 13.1% seeing rates remaining unchanged.
These odds mark a notable increase from Monday, when markets were pricing in a 75.5% likelihood of a cut.
The Federal Reserve has already delivered two rate cuts this year, in September and October, each by 25 basis points, bringing the federal funds rate to the current range of 3.75% to 4%.
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